Even if your business doesn't center around banking, it may involve a loan occasionally. Suppose you're a metal company, and a customer wants to buy tungsten now and pay later. You sell $5,000 worth ...

Small-business owners who prepare financial statements in accordance with generally accepted accounting principles, or GAAP, report interest and other types of revenue under the accrual method. As a ...

Many companies have interest-bearing assets, such as loans and investments, that generate a stream of income for the company. That interest can be categorized as either "interest receivable" or ...

Companies often extend credit to other businesses in the form of a note, or a short-term loan. Most notes pay a stated rate of interest, resulting in interest revenue that the lender must record at ...