What is the Chart of Accounts? It is a listing of all the accounts where you will record the inputs and outputs of money. Consider an account as a bucket. You can pour money into a bucket and you [...]

I remember reading in the 90s that the businesses that deal with inventory will soon be out of business because of the cost of carrying inventory. The future was in being a service-oriented company. And if you’ve hired a [...]

All Controllers and Finance VP  should be aware of our alternative to the very expensive accounting software programs out there. It will be a major cornerstone of your organization’s financial efficiency base. In usual circumstances, it can be up [...]

Here’s a question I get very often from my students: When I increase my cash account in my books, I use a Debit to do so, as in a Debit to the Cash Account. When I make a bank [...]

Every year, Plus & Minus invites its employees, friends, and families to join them in front of an 80-foot flag pole that proudly waves the American flag on their property. Our pre-Memorial weekend celebration is a time-honored tradition to show [...]

One of the attributes offered by the cryptocurrency market is the security of all your transactions. Anyone can access your wallet if you leave it lying around. Open it up and there is all your data: cash, driver’s license, credit/debit [...]

To appreciate this article, you must appreciate how your car, literally a living room on four wheels, operates. Fuel has to be pumped from a tank to a fuel distribution system which has to then send an exact ratio of [...]

When computers were first tasked with doing accounting functions, there was a major league problem. In order to have an orderly journal entry, the total amount of the debit column had to equal the total amount in the credit [...]