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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

It is important that you know what these 5 transaction types are because it will determine how your reports are organized and influence how you interpret your business finances. And, there are many ways to slice and dice through your financial reports to derive certain information. We started this post by defining accounting.

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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. We’ve helped companies with preparing their financial statements. So if you’re in a business, then understanding your financials are really important. Bookkeeping vs Accounting: What’s the Difference?

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Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

Also, the lessons learned in accounting and finance subjects are highly relatable to daily life too. . How do you define accounting in your words and what are the different types of accounting? . Different types of accounting are: Financial accounting, Cost accounting, Management accounting .

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