That’s why many small businesses default to Excel for accounting. It’s a one-time investment. It’s also included with Microsoft Office packages that many businesses already own.

How to Use Excel for GAAP Accounting. The generally accepted accounting principles give an accounting guideline that allows third parties to fairly evaluate account records.

For a small business with few transactions, a savvy business owner can use Excel as a substitute for accounting software. For business owners who need to hone their Excel skills before taking this ...

The default settings for the accounting number format, which is one of 10 formatting choices in Excel, are to include two decimal places in the number entered into the spreadsheet and to display ...

Especially for small businesses, accounting software can make the difference between a good month and a great month. There are many tools that can handle your bookkeeping needs, and our comparison ...

Xero announced a deal to acquire small business payments platform Melio for $2.5 billion and fill a gap in its offerings by integrating accounting and bill payments.

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

Tracking your cash flow is a smart way to help you ensure small business success. You can create a simple cash flow budget in Excel to project the amount of cash you’ll have in the bank throughout the ...

[Apr 6 4:45pm ET Correction: Money in Excel will be available as a part of the Microsoft 365 Personal (US$6.99 per month, US$69.99 per year) or Family Subscription (US$9.99 per month, US$99.99 per ...