Financial accounting refers to the generally accepted accounting principles used to create financial statements for the public, while tax accounting follows the rules of the Internal Revenue Service.

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.