If we could impart one reality to our small business clients, it’s this: if you’re not intimately in touch with your business’s financial health, you’re leaving money on the table. Period. It’s ...

How can I use Benford’s Law in Excel? A. Benford’s Law is a powerful tool in the accounting and auditing profession. It is ...

Excel is well known for making personal and business accounting easier. Two tools that allow for this capability are the program's Currency and Accounting number formats, which—alongside many other ...

The accounting format in Microsoft Excel 2010 is very similar to the currency format---both display the currency symbol next to every number. But the accounting format has a few differences that make ...

IMGCAP(1)]Last week I wrote about my introduction to QuickBooks and how we took our entire staff to a training course for it. Today I am writing about training for the most basic software we use: ...

For many businesses, tracking financial performance is essential, but not every company opts for expensive accounting software to do so. Instead, a significant number rely on Microsoft Excel to ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...

Almost every article or report you read today talks about the advantages and sometimes the necessity of business owners to incorporate technology into every aspect of their business. But an accounting ...

Over the past year or so, large language model (LLM) ChatGPT has demonstrated an uncanny ability to best humans at some of the things that are the cornerstone of our young professional lives. It has ...