A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

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 ...

Learn the best practices for handling cash flow and other accounting issues. These useful tips and strategies will help you ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...