The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Thanks to AI, the accounting profession is experiencing a significant shift. Researchers from Columbia University and elsewhere found that native AI agents within enterprise resource planning (ERP) ...

Financial reports are one of the most powerful tools you have for managing your business. They help identify money-making trends and cash flow issues. Yet, the insights generated by these reports rely ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips factor in, and more.

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

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 ...

Veronica Beagle is the managing editor for Education at Forbes Advisor. She completed her master’s in English at the University of Hawai‘i at Mānoa. Before coming to Forbes Advisor she worked on ...

These advances represent a shift in how accounting teams operate, moving from reactive manual processes to proactive automations and financial strategy. AI tools are helping accounting departments ...