How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

No matter how meticulous finance teams are, mistakes happen. In fact, it's estimated that accounting errors and manual financial reporting cost U.S. businesses around $7.8 billion a year. And those ...

The month-end close is accounting's most enduring ritual; a hard deadline that impacts workflows, sets review cycles, and ...

Nearly 160 accounting execs and partners were asked about why firms were making more auditing errors. The auditors were split on whether a better work-life balance could reduce the number of errors.

Macy’s decision to not withdraw old financial statements despite making sizable adjustments to earnings figures after finding $151 million in false bookkeeping entries has some accountants scratching ...