What Is an Unqualified Audit? An unqualified audit is a complete review that certifies a company's financial statements are compliant with generally accepted accounting principles ...

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Financial reports are one of the most powerful tools you have for managing your business. They help identify money-making trends and cash flow issues. Yet, the insights generated by these reports rely ...

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. The three main types of accounting for businesses are ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...