Practice Management

Learn why accounts receivable is considered an asset, how it fits into the accounting equation, and best practices for tracking and managing AR across multiple…

Learn how the accounting equation works, why it's foundational to double-entry accounting, and how to apply it with real-world examples.

Learn what expenses are in accounting, the main types, examples, and how to track them properly for accurate reporting and tax compliance.

Learn the key differences between subledgers and general ledgers, how they work together, and why both are essential for accurate accounting, reporting, and audit readiness.

Learn everything about the Chart of Accounts (COA): what it is, why it matters, how to set it up, and common mistakes to avoid.

What are liabilities in accounting? We answer that question in this guide. Learn the definition, types, formula, and examples, plus how to record and track…

The general ledger links raw transaction data with high-level financial statements and analysis by organizing and summarizing the transactions. This article will show you how…