At the end of an accounting period, certain accounts are closed so they have a zero balance at the beginning of the new accounting period. The act of zeroing these accounts is called closing entries.

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a ...

Understanding these concepts can help you make smarter financial decisions in the long run and day to day. Many, or all, of the products featured on this page are from our advertising partners who ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...