The double-entry system protects your small business against costly accounting errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

T-accounting is a method used by accountants and bookkeepers that gets its name from the T shape formed by the two columns used to record entries. Also called double-entry accounting, T-accounting ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It was - rather surprisingly - Goethe who declared that double entry bookkeeping was the loveliest invention of ...

As with other types of transactions in a business ledger or journal, credit card purchases and refunds must be properly accounted for using generally accepted accounting principles, called GAAP. An ...