Remove double entry bookkeeping Remove E-commerce Remove general ledger Remove Tax
article thumbnail

Accounting Basics for Small Business: A Simple Guide

Snyder

Go through business bookkeeping basics. Get to know small business tax obligations and procedures. In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making.

article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. Here you’ll use data from sales receipts, payments made to the supplier, rent payments, income tax payments, and many other operating activities.