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Accounting Basics for Small Business Owners [By a CPA]

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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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What Type of Accountant Does Your eCommerce Business Need?

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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. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts.

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