Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

An accountant uses a suspense account, a temporary account in the business chart of accounts, for recording all or part of a transaction that she doesn't know how else to code. When she identifies the ...

If you set up your chart of accounts correctly, you can save yourself a lot of time later. While adding and removing accounts is a relatively easy process if you use accounting software, it can be a ...