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General Ledger Definition, Importance, Account Types

For instance, unlike FreshBooks’ higher-tier plans, its cheapest plan (FreshBooks Lite) doesn’t include double-entry accounting. While you can definitely track income and expenses with FreshBooks Lite, you can’t break down transactions by account and you won’t have a general ledger to reconcile. A chart of accounts can be used by multiple company codes so […]

A Guide to Bookkeeping for Trucking Owner Operators

You can use this accounting information to gauge your company’s performance and make decisions about your budget, workflow, investments, and potential growth. It may be tedious to record all of your transactions, but come tax season, you’ll thank yourself! By keeping track of every penny you spend and earn, you may be able to find new […]