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Different Types of Accounting Methods (And How to Choose the Right One for Your Business)

Analytix Finance & Accounting

GAAP compliance If you’re planning an exit, seeking significant investment, or potentially going public someday, accrual accounting aligns with generally accepted accounting principles (GAAP). Starting with accrual accounting means you won’t need a costly financial restatement down the road.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

In this post, I’m going to simplify the accounting basics for small business owners. By the end of this post, you will know the what, why, and how of accounting. What is Accounting? Like really, what does accounting mean? So let’s discuss the accounting process that you need to deploy in order to accomplish this.