article thumbnail

Accounting Basics for Small Business: A Simple Guide

Snyder

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. Choose your bookkeeping method. A little example to illustrate how the double-entry method works.

article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Single-entry bookkeeping vs. double-entry bookkeeping.

article thumbnail

Navigating the World of Bookkeeping for Marketing Agencies

Steve Feinberg

Bookkeeping and accounting for marketing agencies may not be the most exciting or glamorous aspect of the business, but they are essential for your agency’s success. Proper financial management can help you make informed decisions, identify areas for improvement, and avoid costly mistakes.