Trend Analysis of Financial Statements

Accruing tax liabilities in accounting involves recognizing and recording taxes that a company owes but has not yet paid. Now that you know about the different types of metrics and calculations used in trend analysis, you probably think it would be great to automate...

Accounting vs bookkeeping: What’s the difference?

A liability is an amount you owe, while an expense is an amount you’ve already paid. That means anything recorded as a payroll liability can become a payroll expense after you run payroll and disperse the money. For instance, a small business with one or two employees...