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Accounting Basics for Small Business: A Simple Guide

Snyder

Each option has its pros and cons, but no matter which option you choose, it’s important to understand how accounting is handled. So let’s proceed to small business accounting basics. Basic steps in accounting for small businesses. QuickBooks Online.

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The Dangers of DIY Accounting for your Small Business

Basis 365

Before considering the risks, here are the six greatest dangers to doing your bookkeeping and accounting. Clerical Errors Audit is a scary word. Many business owners think an audit won't go through if they haven't committed any crime or done anything ethically wrong. Simple clerical errors may look like fraud.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

Why we love this blog: Accounting Today is a reliable source with 35 years of experience in the field. This magazine deals with all the crucial matters of accounting like tax preparation and tax law, bookkeeping and accounting standards, auditing, financial planning, wealth management, and the latest accounting technology.

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Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

Here are a few reasons: You have a small business and no need for a full-time employee but you can benefit from an advisory specialist with accounting and bookkeeping expertise. You have an urgent need to get help with reports or reconciliation due to the looming IRS audit , tax season, or your previous bookkeeper is unavailable.

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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

Without these financial statements , you won’t have an objective answer to urgent matters, which is why these are the Fantastic Four of the accounting basics. . The Fantastic Four of accounting. This is done to avoid confusion in financial records and make it easier to distinguish between business activities during an audit.