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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

As you’ve probably noticed, when running your own business, you’ll be tasked more with basic bookkeeping than advanced accounting. Basic terms for small business accounting and bookkeeping. However, for small businesses, the general advice is to use cash basis accounting, since it’s usually simpler to navigate.