Reasons to Become an Accountant

Becoming an accountant is more than just being good with numbers, although this is certainly an important factor. There are many strong reasons that makes accountancy a good choice for your career. The American Institute of Certified Public Accountants (AICPA), which is one of the most prestigious professional accounting organizations in the United States, summed […]

Types of Accounting Certifications

There are many different types of accounting certifications that professionals can get in the field. Obtaining an accounting certification can provide great benefits. The accounting certificate is a basic requirement if you hope to gain an entry level position in this particular field. It is also considered the initial step towards a long-term goal of […]

Types of Accounting Degrees in the US

Are you interested in a career in accounting? Learn about your degree options in the field. The American Institute of Certified Public Accountants or AICPA defines accounting as “the service activity that provides quantitative information, primarily financial in nature, about economic activities that is intended to be useful in making economic decisions—making reasoned choices among […]

How to Become a Certified General Accountant

Private corporations, nonprofit organizations and even government offices rely on the skills of certified public accountants. Learn the responsibilities this job entails and how to become a general accountant. General accounting is considered one of this financial discipline’s major categories. This category in accounting deals primarily with collections and ledgers of general account activity. This […]

Basic Differences Between Accounting and Bookkeeping

Many people confuse accounting and bookkeeping, mistakenly thinking that they are one and the same. Find out what differentiates accounting from bookkeeping, and their functions in business. Accounting and basic bookkeeping are needed by all kinds of enterprises from start-ups to global conglomerates. These are financial instruments for the gathering and management of business transactions. […]

General Accountant Jobs

One of the primary responsibilities of a general accountant faces is to prepare the profit-and-loss statement of any business entity.  In addition, this professional can do individual and corporate tax returns, compile and analyze financial information of clients. Other duties include creating and reviewing budgets, probing accounting inconsistencies, and communicating accounting practices and laws in […]

General Ledger Accounting Software

The general ledger account refers to the posting of transactions in double-entry format wherein debit items are on the left and credits are on the right. You can add another column to the utmost right corner which will keep tab of total account activity. This pattern can be compared to what you can find in […]

Should You Outsource General Accounting?

Business firms will always try to find means to become cost-efficient and generate more profits. There are certain functions in a particular enterprise which can be outsourced instead of hiring full-time employees. One of the services that you can contract out is general accounting. By farming out the not-so important tasks to service providers company […]

General Accepted Accounting Principles

In accounting, there are standards imposed by governing bodies such as the Securities and Exchange Commission, American Institute of Certified Public Accountants and Financial Accounting Standards Board regarding acceptable procedures. The General Accepted Accounting Principles or GAAP reflect the proper mode of documentation and reporting information relevant to this field of specialization. The GAAP is […]

Benefits of Hiring a General Accountant

The general accountant manages the financial aspects of a corporate organization or monetary requirements of a private individual. Standard accounting services normally consist of preparation of yearly taxes and business consulting. These can also branch out to more specialized fields of study which include financial statements, budgeting, auditing, estate planning, and acquisition of new businesses. […]