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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. 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?

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Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyder

If you’re training to become a certified public accountant or you already work as a CPA, the accounts are part of your CPE training and you probably know everything there is to know about them. What is accounts receivable (AR)? Account receivable vs account payable. Why you need accounts receivable.

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Reconciliation in Accounting: Difficulties in Reconciling the Accounts

Snyder

In today’s article, we’ll examine why reconciling is important, what makes it difficult, and outline a secure and efficient way to do it in just two clicks. What is account reconciliation? Why do you need account reconciliations? Difficulties in reconciling accounts. How to do account reconciliation.