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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. Revenue/income.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

You essentially become a jack of all trades – from sales, through customer care all the way to marketing. But the most important aspect of any business is accounting. 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.

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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?