Discover how adjunct accounts enhance financial reporting by increasing liability book values. Learn how they differ from ...

The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...

A distributed ledger is a database that serves the purpose of recording various transactions. Similar to the way e-transactions and digital banking apps have transformed the way consumers spend money, ...

Tom Blake is a full-time finance writer and blogger who specializes in covering the banking industry, side hustles and ways to make and save more money. His work has been featured in publications like ...

Unit of account is the thing that measures the value of goods and services. It’s an essential function for something to be [or become?] money. In simple terms, it is a standard measure of value, a ...

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...

Decentralized Finance (DeFi) is a phrase that is neither legal nor technical. Nonetheless, it is increasingly employed in talks concerning the future of finance and its regulation. Decentralization; ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate as the Fed rate changes. CNBC Select will update as changes are made public. High-yield ...