In accounting, account titles are the names given to the various categories used to keep track of a businesses finances. For any and every transaction, these accounts are updated to reflect what ...

The right number and titles of positions in an accounting firm lead to stronger firm stability and growth. They can also lead to better employee job satisfaction and employee longevity because they ...

In accounting, ledger folio is often abbreviated as LF. You may have seen the notation on manual books or on reports printed out from certain small-business accounting software packages.

Double-entry accounting is a bookkeeping system that requires two entries — one debit and one credit — for every transaction. Your books are balanced when debits and credits zero each other ...

What Does "Paid on Account" in Accounting Mean?. Accountants use many terms to signify changes to the debit or credit balances of accounts in the general ledger. When accountants use the phrase ...

Accounting ninja. Conversation architect. Social media unicorn. What in the world are employers thinking with these job titles? The reality is that employers are getting more creative with their ...

Key Takeaways: Reconciliation is an accounting process that ensures that the actual amount of money spent matches the amount shown leaving an account at the end of a fiscal period.