Reconciliations, performed in accounting to minimize errors, are basically comparisons of two different reports or documentation. Because the general ledger, or G/L, is made up of accounts, ...

Discover how double-entry bookkeeping maintains financial balance through debits and credits in a general ledger. Understand ...

Discover the essential components of a balance sheet, such as cash, liabilities, and retained earnings, to enhance your ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

Balance-sheet balances carry over from one period to the next. So the ending cash balance from last year will become the beginning cash balance this year. Throughout the year, transactions will ...

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

A strong balance sheet can make all the difference between your investment surviving a market downturn and blowing up in your face. Nearly every financial crisis can be traced back to a foundation of ...