Expense accounts are an integral part of the double-entry system of accounting and are used to record various costs businesses incur. The way expense accounts work is relatively simple, but to use ...

The closing of revenue and expense accounts are the first two steps in a company's monthly close process. "Closing" these accounts means that the balance is reset to zero and recordkeeping can begin ...

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, ...