Examples of Accounting Systems. Accounting systems are comprised of manual or computerized records of financial transactions for the purpose of recording, categorizing, analyzing and reporting ...

One of the areas where management has the most control, and therefore a key consideration of managerial accounting, is a company's selling and administrative expenses.

GAAP Accounting Rules for Expensing Samples. Offering free samples to prospective customers can be an effective way to boost your company's sales. You must account for the costs involved in ...

Starting off with a system that’s too complex can lead to miscategorization of expenses, erroneous entries and an unusable bookkeeping system. To keep it simple, here are the only 10 expense ...

Learn how businesses use depreciation to manage asset costs over time. Explore various methods like straight-line and double-declining balance with examples.

Should a small business use a cash or accrual accounting method? A CPA answers with examples.

Operating expenses are costs tied to the normal operations of a company. They include the day-to-day expenses of a company’s business activities, but exclude those involved in the production of ...

Cost accounting is a type of managerial accounting that focuses on the cost structure of a business. It assigns costs to products, services, processes, projects and related activities.

The cost of goods sold represents the direct costs of producing merchandise for sale. Discover which types of business expenses can be claimed for a tax deduction.