Profit vs. profitability The company’s financial records will clearly state its income and its expenses of the company. When there is a…

Cash basis accounting is the method of accounting that records the payment and receipt of cash as it happens. It is the…

What is small business accounting? Small business accounting is the maintenance of complete and accurate records of all the financial transactions of…

Deferred revenue is also called unearned revenue because it is a revenue payment that is received before the company has earned it…