Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

Managing finances in your business may feel like an overwhelming task at times. Still, it is crucial to keep up with financial reports to ensure the success and longevity of your business.

Financial reports are an integral part of doing business, and they're essential to compliance and the legal operation of your company. Management reports, however, are just as integral, and they hold ...