A previous version of this article appeared on Feb. 26, 2020. Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” True enough, but he missed that ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management. A business bank statement is an official financial document ...

Learn about friction cost to make better informed decisions: its implications in investments and loans, and how it helps assess the true cost of financial transactions.

AI algorithms can analyze transactions in real time, detect anomalies and patterns that may indicate fraudulent activities, and alert banks to take appropriate actions. An example of fraud detection ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

Editor’s Note: Josh Bivens is director of research at the Economic Policy Institute. The opinions expressed in this commentary are his own. It’s been almost a year since the global financial sector ...

A business transaction is an event involving an interchange of goods, money or services between two or more parties. The transaction can be as brief as a cash purchase or as long-lasting as a service ...

When a business engages in any economic activity, such as selling goods, purchasing supplies or paying salaries, these events must be recorded in the financial books. This is the first phase of the ...

Bartering involves exchanging goods or services directly without using money. The IRS considers bartered goods and services as taxable income. Successful barter requires finding someone with mutual ...