Journal entries are used to change accounting information in financial systems. Following the double-entry system used in modern accounting, these entries always affect at least two accounts -- one ...

Evan Tarver has 6+ years of experience in financial analysis and 5+ years as an author, editor, and copywriter. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

Accountants follow the procedures outlined in Generally Accepted Accounting Principles. Mainstreaming the accounting process ensures that any accountant or auditor can track financial data back to its ...