Accounting 101 for Small Businesses

By QuickBooks

5 Chapters     30 min read
  1. How can a single or multi-step income statement benefit your business? 10 Min

    The income statement, or profit and loss (P&L) statement, tells you whether your company is profitable or losing money. Learn how to…

  2. Accrual accounting: How it works, advantages, and disadvantages 5 Min

    In accrual accounting, you record income when you complete a service or when goods are shipped and delivered. Learn how accrual accounting…

  3. Why you need to do a bank reconciliation every month 6 Min

    The bank reconciliation process is similar to balancing your checkbook: It reveals any erroneous or missing entries. The bank…

  4. How to organize your chart of accounts   5 Min

    As your business grows, so will your need for accurate & organized reporting. Learn how to keep your chart of accounts clean & organized to…

  5. How to Transition from Spreadsheets to Accounting Software 3 Min

    Spreadsheets inevitably become cumbersome when managing a growing business. Learn how to make the transition from spreadsheets to…

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