The first five segments are known as the "Account String." Therefore, an Accounting Key is comprised of an Account String plus an Object Code. The first five segments of the accounting key are also ...

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

If you own a business, you must periodically build a balance sheet for tax purposes. A balance sheet also gives you an indication of your company's financial health. If you hire employees, their wages ...

Business owners commonly use a general ledger to record and maintain their financial transactions. General ledgers provide business owners with one location in which to review financial information ...