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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software. Small business accounting basics. Small business owners need to get a working grasp of basic bookkeeping and accounting. Let’s recap.

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What Type of Accountant Does Your eCommerce Business Need?

xendoo

Cash Basis Accounting. Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts.

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