If your small business used a mortgage for a home purchase, a journal entry affects the property, mortgage payable and cash accounts. If you paid all cash for a home, a journal entry affects the ...

Dividend accounts are paid as part of the distribution from a Profit and Loss account reserve. Use an Equity, Retained Earnings or Other Current Liability account when setting up a Dividend account.

Editor’s note: This column was submitted prior to the Biden administration on Tuesday backing down on a controversial proposal to direct the IRS to collect additional data on every bank account that ...

High-yield cash management accounts are popping up at brokerages nationwide, promising customers much better returns and higher insurance limits than they can get from traditional banks. The accounts ...