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Accounting 101 For Small Business Owners

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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. Determine a Payment Processor If, like most businesses, you collect electronic payments from customers, you’ll need to sign up with a payment processor.

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Welcome To The Small Business Guide To Bookkeeping

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Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. Accounts receivable refers to the money owed to a business by its customers for goods or services provided on credit. What Is Bookkeeping?