article thumbnail

Accounting 101 For Small Business Owners

Lendio

Small business accounting is the process by which a small business records its financial transactions and presents them in a standard format known as financial statements. Manage Your Bookkeeping As convenient as accounting software is, you will have to put in some work to keep up your books—or pay a professional bookkeeper to do it for you.

article thumbnail

Welcome To The Small Business Guide To Bookkeeping

Lendio

This guide aims to provide you with the necessary knowledge and practical steps to successfully set up and manage your company’s books. Throughout this guide, we will break down complex accounting concepts and give you step-by-step instructions for entering common transactions. What Is Bookkeeping?