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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. 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. Look, I get it.

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New changes to Xero’s plans in Australia from July

Xero

Find out more about the plans and what’s included for small businesses and accountants and bookkeepers. Introducing Xero’s partner plans for accountants and bookkeepers We’re also simplifying partner plans from four down to two (Xero Ledger and Non-GST Xero Cashbook will remain unchanged).

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more. So let’s begin our journey to the land of accountancy! Are accounting blogs only for accountants?

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Accrual Accounting vs Cash Accounting: What Is the Difference Between Accrual and Cash Accounting?

Snyder

As a small business owner, making sense of the accounting basics and bookkeeping terminology might be giving you a little bit of a headache. At the same time, being able to successfully maneuver the world of accounting is crucial to the success of your business. What is cash-basis accounting?

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster.

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What Type of Accountant Does Your eCommerce Business Need?

xendoo

Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. 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.

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What Are The Accounting Methods? Guide To Cash And Accrual Methods

Snyder

Find out what the rules, benefits, and limitations of each of those methods are and how accounting methods apply in the real world of business. Financial accounting basics: types and rules of accounting methods Cash basis method = things ‘count’ when the money moves Accrual basis method = things ‘count’ when they start moving 2.

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