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Accounting Basics for Small Business: A Simple Guide

Snyder

Open a business bank account. Go through business bookkeeping basics. Small business accounting software to help you stay on top of accounting. What is small business accounting? Let’s start with defining what small business accounting is. Choose your bookkeeping method.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

In other words, you need to choose the accounting method that’ll fit your business needs. Cash basis accounting vs. accrual basis accounting. We spoke about cash basis and accrual basis accounting when discussing 3 main financial statements. Single-entry bookkeeping vs. double-entry bookkeeping.