Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation. However, there is one valuation metric, price-to-book (“P/B”), ...

The following article is based on a chapter from Aswath Damodaran's book Investment Fables. Everyone loves a good bargain! Who doesn't enjoy finding something they wanted on sale? But much like the ...

Refinancing a business property is similar to refinancing any type of loan. Typically, a refinance allows the business owner to renegotiate the terms of the loan, including length of the note, ...

A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics, Somma di arithmetica, geometria, proporzioni e proporzionalità, also known as the Summa de Arithmetica, sold for ...

The IRS has provided procedures (Rev. Proc. 2018-60) under which a taxpayer may obtain automatic consent to change a method of accounting to comply with Sec. 451(b), as amended by the law known as the ...