Account reconciliation made simple: what it is, how it works, and the types you need to know to close your books confidently.

Dividends Contra Guys: Here’s our playbook for navigating extreme market volatility In addition to the balance-sheet weakness, the company is facing a variety of headwinds.

Learn how accounts payable are recorded on a balance sheet, why they’re classified as liabilities and their role in managing short-term debts.

While accounts receivable is reflected on the trial balance sheet as one line item, the account balance may represent many individual customer accounts that must be managed, tracked and reconciled.

A contra account is a general ledger account used to reduce the value of a related account. Learn about the types of contra accounts and why they're important.

Learn about the balance sheet, a crucial financial statement that reveals a company's financial health. Discover its components and how it's used for analysis.

Wholesalers use mark to market accounting when they need to adjust the value of their accounts receivable asset. Many wholesalers will offer discounts to purchasers if they pay sooner.

Calculating accounts receivable is a crucial part of managing cash flow and ensuring that a business remains financially viable. By understanding how to calculate A/R on the balance sheet, businesses ...