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If you’re training to become a certified public accountant or you already work as a CPA, the accounts are part of your CPE training and you probably know everything there is to know about them. But if you’re a business owner trying to make sense of your finances, it’s good to master the basics.
As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. However, eventually, you will be faced with the reality of accounting. In this post, I’m going to simplify the accountingbasics for small business owners. What is Accounting?
In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. It’s necessary to distinguish between accounting and bookkeeping because people often confuse these two notions.
QuickBooks is an accountingsystem by Intuit, created for small- and medium-sized businesses, both off- and online. It’s one of the most popular accounting solutions in the US market. You can sign up by either choosing your Google or Intuit credentials or creating your Synder account.
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