Remove business accounting Remove double entry bookkeeping Remove payroll Remove payroll tax
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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards. On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data.

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Accounting Basics for Small Business: A Simple Guide

Snyder

So for a small business owner, it’s vital to understand accounting so they can understand their business and also be able to communicate with banks and investors. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account.