Accounting

What is Bank Reconciliation?

Bank Reconciliation is the process of matching transactions from your bank statement to entries i...

What is the Chart of Accounts?

The Chart of Accounts (CoA) is an unique list of a business’ accounts, organized by assets (what ...

What is the General Ledger Report?

The General Ledger Report shows you the details of every transaction going in and out of your acc...

What is a Balance Sheet Report?

A Balance Sheet is a snapshot of your business’ financial position on a given day, usually calcul...

What is the Trial Balance Report?

The Trial Balance report is the sum of debits and credits for every account of your business. It ...

What are Journal Entries?

Journal entries are the building blocks of financial accounting and record all transactions in yo...