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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. And most accounting software is “smart”—it starts learning how to automatically categorize certain transactions, gradually lessening the time burden for you.

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Welcome To The Small Business Guide To Bookkeeping

Lendio

Throughout this guide, we will break down complex accounting concepts and give you step-by-step instructions for entering common transactions. At its most basic, bookkeeping consists of the recording all financial transactions—such as sales, purchases, payments, and receipts—in a structured manner. What Is Bookkeeping?