Artificial intelligence is a new trend in the globalization of finance, and ChatGPT is at the front line of serving the finance world. Given its capabilities, ChatGPT has the potential to transform ...

Posting transactions in the general ledger is part of the accounting process. Journal entries are created first and then they have to post to the general ledger to affect reports. If you don't post ...

A balance sheet is a company's financial big picture for a particular moment in time. Every financial decision a business makes will eventually land on the balance sheet but understanding how the ...

FreshBooks' invoice-focused accounting software works nicely for freelancers, contractors and solopreneurs who collaborate with their clients and get paid mostly via invoice. We curated the five best ...

Emily Guy Birken is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in ...

The best enterprise accounting software offers a complete accounting system. It lets you manage intercompany transactions and multiple currencies. The accounting software you chose for your retail ...

This challenging period during the COVID-19 pandemic has made demand for reliable and transparent financial reporting rise even higher. The increasing uncertainty in accounting for complex business ...

Almost four decades after accounting software became accessible and affordable enough for small businesses to use it, the competition has never been fiercer. So, if you’re still managing your ...

This article is for educational purposes and does not constitute financial or legal advice. For specific advice applicable to your business, please contact a professional. Accounting and bookkeeping ...

IMGCAP(1)]The IRS is taking a “formalistic approach” in interpreting its own Section 6011 regulations on disclosing reportable transactions, but not following its own rules on which tax years to ...

"Someone asks a question, we're going to cooperate. It's an inquiry, and we'll give them the answers they need, and...we'll go from there," Kurtz said. "We stand by the accounting of those ...