UTSA’s decisions and business processes are dependent upon the flow of financial information. This flow of financial information is driven by the accounting and reporting system. At the heart of that ...

How you classify accounts is the foundation of your company's accounting process. You record financial transactions to show financial activity and to increase or decrease accounts. Small companies ...

Building a Practical Chart of Accounts: Two Sample Documents (Free Download) Your email has been sent Don’t make an accounting mistake. Small businesses need to create a cogent, coherent, and ...

Costs of Goods Sold, or COGS, tracks all of the costs associated with the items you sell, which allows you to calculate gross profits accurately. COGS accounts also give the total underlying costs on ...