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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

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? Accounting is the process of recording, reporting, interpreting, and analyzing financial information. We started this post by defining 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. What is accounting?