Today's small-business owner most likely uses accounting software to maintain the books. The software records all transactions as they occur, both debits and credits and then runs reports of what is ...

Book balance is a company's cash balance according to its accounting records. Book balance can include transactions that have yet to settle or clear through the bank account. Book balance reflects the ...

ATTENTION TO DETAIL: In addition to the necessary licenses, contractors should strongly consider obtaining training on financial basics, including understanding cash flow, balance sheets, income ...

Cash on a balance sheet includes currency, bank accounts and undeposited checks. It is necessary to keep some cash available in case of unforeseen expenses. Cash is reported in the "current assets" ...