If you run a software-as-a-service (SaaS) company, you know how crucial it is to have a firm grasp of your company's financials. The right accounting software should make this easy. For example, it ...

J.P. Nodier / Getty Images Generally accepted accounting principles (GAAP) require that all inventory reserves be stated and valued using either the cost or the market value method, whichever is ...

non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a ...

The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...