Accounting Lessons

Basic Accounting Concepts

Lesson 1 in the Basic Accounting series: Understanding basic accounting concepts is a must for every small business owner.   Even if you have an accountant that takes care of that “accounting stuff”, you need to know accounting basics such as debits and credits and some accounting terminology. Accounting is setting up a system of …

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Double Entry Bookkeeping

Lesson 2 in the Basic Accounting series: With a double entry bookkeeping system every one of your small business transactions will be recorded into at least two of the accounts in your accounting system. Is double entry accounting right for your small business or will another accounting system work better? Single Entry vs Double Entry …

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