Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments. A petty cash book is a ledger kept with the petty cash ...

Today's small-business owner most likely uses accounting software to maintain the books. The software records all transactions as they occur, both debits and credits and then runs reports of what is ...

Book balance is a company's cash balance according to its accounting records. Book balance can include transactions that have yet to settle or clear through the bank account. Book balance reflects the ...

Learn what book balance is, how it differs from bank balance, and see practical examples. Understand how reconciling these balances is crucial for cash flow management.

Cash flow statements reveal money flow in/out of a business, divided into operations, investments, and financing. Operating cash flow reflects the cash transactions from core business activities. Free ...