Accounting Procedure Info - Accounting information for personal & busi...

These days, with finance on everybody’s mind as the Great Recession wears on with no end in sight as the world’s leaders bicker in the halls of power over what to do, ordinary people are left to find their own solutions to the problems in the financial...

Accounts receivable finance, or factoring, is the term used to describe what happens when a business sells its invoices on to a third party company that is called a ‘factor’. In accounts receivable finance, the company gets their money more quickly than...

Financial accounting and auditing is an important part of running any business. Financial accounting involves maintaining a list of transactions – incoming and outgoing. Auditing of a financial statement involves having a third party that is qualified...

The chart of accounts is the listing of the accounts that a company has identified, and that it has made available as a way of recording transactions into its general ledger.
A company actually has quite a bit of leeway with what it does and does not put into its chart of accounts. It can do a lot of different things to ensure that its accounts are accurate, and match the needs of the business, and it can change its accounts...