An important part of the monthly closing cycle for your small business's general ledger is reviewing the trial balance and posting adjusting entries to recognize accruals, prepaid expenses and correct ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Adjusting entries are a periodic requirement for an accrual-based accounting system. Its advantages are that it keeps the books in order and that it matches revenues and costs to periods in which you ...