Snyder

JANUARY 10, 2023

What are the peculiarities of bookkeeping for small businesses? Double-entry bookkeeping, transaction recording, reconciliation, getting invoices paid and bills covered – the entire process is centered around making sure that your bank account is in balance with your books records.

Account 59

Account accountant accounted bookkeeping 59

inDinero Accounting

JUNE 29, 2023

The objectives of GAAP include providing guidelines for timing considerations related to recording transactions; applying accounting standards consistently across different industries; establishing disclosure requirements for external audits; and ensuring that entities accurately record all assets and liabilities on their balance sheets.

accrual accounting 98

accrual accounting accounting principles accounts payable accounting standards 98

Snyder

JUNE 20, 2022

A little example to illustrate how the double-entry method works. Imagine you have a retail business selling different goods online. Following the double-entry accounting method, you need to record the sale amount in your cash account as an increase (or debit) and as a decrease (or credit) in your inventory account.

accounting basics 52

accounting basics general ledger Account accountant 52