Tag: Accounting

Account

An account is a record of financial transactions between a customer and a bank or other financial institution. Accounts can be used to track deposits,...

Trial balance

A trial balance is a bookkeeping worksheet that lists the balances of all ledgers (accounts) that have nonzero balances. A trial balance is an important step in the accounting process,...

Ledger

A ledger is a book or digital record that stores bookkeeping entries. The ledger shows the account’s opening balance, all debits and credits to the account for the period,...

Accounting

Accounting is the process of recording, classifying and summarizing financial transactions. It provides a clear picture of the financial health of your organization and its performance, which can serve...