Bookkeeping & Accounting

Learn the essentials of bookkeeping and accounting for your business! Keep your books clean and stay ready for tax time.

The chart of accounts and its role in small business accounting.

Chart of accounts: What it is and how it works

If you’re wondering what a chart of accounts is, and if your business needs it, you’ve come to the right place.

Why double-entry bookkeeping is important, and what it is.

What is double entry bookkeeping?

The ins-and-outs of double-entry bookkeeping, including: why it’s important; how to do it; and the nitty-gritty when it comes to the rules of this accounting system.

the differences between accounting and bookkeeping.

Accounting vs bookkeeping: What's the difference?

There’s a common question in business: accounting vs bookkeeping…what’s the difference? We’re here to answer this age-old question so you can rest easy.

How to manage loan payment journal entries

Have questions relating to loan payment tracking? We’ve got lots of answers; all explained simply and quickly so you can get back to doing what you do best: running your business like a boss.

What is accrual basis accounting and how does it work?

The method of accrual basis accounting records your financial transactions based on when they’re incurred, not when cash is exchanged.

Cash basis accounting: What it is and how to do it

Small business owner? Then you might be familiar with cash basis accounting—even if you don’t know it by name. So, let us introduce you.

What is an income statement? Everything you need to know

An income statement is one of the most important financial statements for small business owners, so it’s key to understand what an income statement is, what its purpose is, and how to read one.

What is bookkeeping and why is it important for small businesses?

Bookkeeping may not be the most fun part of small business ownership. However, it is crucial for managing your money and running your business successfully!

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