Photo: Simon Simard for The Wall Street Journal In the race to shrink application times for small-business loans, Eastern Bank has a new entry: less than five minutes.

This entry is typically processed when your liability payments are processed. Debit the cash account for the equal amount. If you credit the liability account for $5,000, debit your cash account ...

The Small Business Administration has processed forgiveness for 1.1 million Paycheck Protection Program loans totaling more than $100 billion, the agency announced Tuesday night. That is about 85% ...

Money management giant Vanguard, in its latest service stumble, sent some of its 401(k) customers erroneous text messages Tuesday evening saying that the firm processed loans against their ...

The U.S. Small Business Administration just introduced what it claims is a 15-minute application process for firms that received under $50,000 in Paycheck Protection Program pandemic funds.

A closing entry is a journal entry made at the end of the accounting period, moving data from temporary to permanent accounts and resetting temporary balances to zero.

When it comes to tracking the finances of a business, a double-entry accounting system that uses both a general ledger and a general journal is usually the best method for tracking a company's ...