Accounting Basics

4 articles
man in blue denim jacket facing turned on monitor
Finance

What’s the difference between accounts payable and accounts receivable?

Learn the key differences between accounts payable and accounts receivable. Understand how AP and AR impact cash flow,...

Vanessa Bergoff · · 8 min
turned on black and grey laptop computer
Finance

What’s the difference between a balance sheet and an income statement?

Learn the key differences between a balance sheet and income statement. Understand assets, liabilities, equity, revenue, and expenses...

Vanessa Bergoff · · 9 min
Finance

What’s the difference between a financial statement and a financial ratio?

Learn the key differences between financial statements and financial ratios. Understand how balance sheets, income statements, and ratios...

Steven Peck · · 9 min
Finance

What’s the difference between a ledger and a journal in accounting?

Learn the key differences between accounting journals and ledgers. Discover how journals record transactions chronologically while ledgers organize...

Vanessa Bergoff · · 7 min