Posted inBasics
Accounts Payable Process
The accounts payable process for a small business is simply the process of accounting for…
Posted inBasics
Accounts Receivables Accounting
Accounts Receivables (AR) are sales made by your small business, but not paid for yet…
Posted inBasics
Accounts Receivables Accounting
Accounts Receivables (AR) are sales made by your small business, but not paid for yet…
Posted inBasics
How to Figure Your Break-Even Point
Your small business’s break-even point is the point where the total amount of revenue received…
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Financial Ratio Analysis
Financial ratios and performing a financial analysis using your financial statements can be a valuable…
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Understanding Financial Statements
Understanding financial statements is one of the keys to your small business success. Sadly, many…
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How to Post to Your Accounting Ledger
A general accounting ledger is a collection of your chart of accounts. It is where…
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How to Record Accounting Journal Entries
What is a Journal Entry? A journal entry is the primary record of all financial…
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Double Entry Bookkeeping Advantages
Most medium and large businesses use a double entry system which tracks their income and…
Posted inBasics
Single Entry vs Double Entry Bookkeeping:
There are two basic ways to record your financial transactions: Single entry bookkeeping can used by…