Cash vs Accrual Accounting Explained: What’s Better For Your Small Business In small business bookkeeping, there are only two primary accounting methods you’ll need to know–cash basis accounting and accrual basis accounting. Even if [...]
Debits vs. Credits: The Accounting Equation Money doesn’t appear and disappear and accountants certainly aren’t magicians. Debits and Credits are words that describe the movement of cash and assets that occur in transactions. In this [...]
The Importance of Bank Reconciliations and How it Impacts Your Small Business Does your business have the money it thinks it has? If you’re not a fan of running your small business accounting using [...]
How to set up Quickbooks Chart of Accounts The Chart of Accounts is the foundation or backbone of every business’s financial system. These accounts work behind the scenes to show how much money is flowing [...]
