This is an important part of any financial system and understanding how it works is essential for those looking to get a better grasp on their finances. The matching principle states that expenses should be matched with their related revenue in order to accurately measure and report profits and losses in a given period of time. In other words, it …

Content Best Practices to Manage a Chart of Accounts for Retail Business How do I do accounting for a small business? Aptos Retail Merchandising Your business should implement efficient record-keeping policies and a sound financial strategy to avoid this situation. From accounting software to bookkeepers, there are many ways to track your company’s financials. Whether you are a retail manager …