Unless you're an experienced accountant, taking on the accounting duties of a small business can feel daunting. The first step in preparing yourself for the job is to become familiar with basic ...

It's legally required. 2. Bookkeeping records are an excellent business management tool. Of course, staying out of jail is a good thing. And a good basic accounting system will provide useful ...

The term "accrual" refers to any individual entry recording revenue or expense in the absence of a cash transaction Most businesses typically use one of two basic accounting methods in their ...

QuickBooks and Xero - and both platforms provide a wide range of tools designed to simplify financial operations but are ...