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Accounting Basics for Small Business: A Simple Guide

Snyder

Let’s start with defining what small business accounting is. 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.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

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. Small business accounting basics. Balance sheet statement.