Remove accounting software Remove double entry bookkeeping Remove income tax Remove payroll
article thumbnail

Accounting Basics for Small Business: A Simple Guide

Snyder

Open a business bank account. Go through business bookkeeping basics. Get to know small business tax obligations and procedures. Small business accounting software to help you stay on top of accounting. What is small business accounting? Self-employment tax. Employment tax. Excise tax.

article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

However, from the standpoint of small business accounting, only the operating activities are usually applied. Here you’ll use data from sales receipts, payments made to the supplier, rent payments, income tax payments, and many other operating activities. Single-entry bookkeeping vs. double-entry bookkeeping.