double entry bookkeeping and payroll tax

GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

JUNE 29, 2023

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. This process occurs before any cash payment is made or taxes are due.

accrual accounting

accrual accounting accounting principles accounts payable accounting standards

Accounting Basics for Small Business: A Simple Guide

Snyder

JUNE 20, 2022

The double-entry method is more accurate and less error-prone, as it provides a detailed view of how the money moves throughout your business. Also, if you’re planning to get a loan or looking for an investor, it’s preferable for you to manage your books following the double-entry bookkeeping method.

accounting basics

accounting basics general ledger Account accountant

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GAAP: What It Is and Why Your Investors Expect It

Accounting Basics for Small Business: A Simple Guide

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