LyfeAccounting

OCTOBER 28, 2020

However, eventually, you will be faced with the reality of accounting. In this post, I’m going to simplify the accounting basics for small business owners. By the end of this post, you will know the what, why, and how of accounting. What is Accounting? Like really, what does accounting mean? Quick Recap.

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Snyder

JANUARY 3, 2023

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics. Balance sheet statement.

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Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. Each option has its pros and cons, but no matter which option you choose, it’s important to understand how accounting is handled.

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Snyder

FEBRUARY 13, 2023

Finance and accounting are the foundation of every business, whether it’s a small venture or a large corporation. In this article, we’ll review finance and accounting outsourcing (FAO), in particular its benefits for small and medium businesses. Managing finance and accounting in-house or outsourcing for SMBs?

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Cherry Bekaert

JULY 30, 2024

When performing an IPO readiness assessment, we often start with the accounting basics, including analyzing the company’s policies and procedures, chart of accounts structure, most recent draft of financial statements, and trial balance. It is worth taking the time to get yours right.

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Snyder

NOVEMBER 22, 2022

help to understand the financial situation better. Without these financial statements , you won’t have an objective answer to urgent matters, which is why these are the Fantastic Four of the accounting basics. . The Fantastic Four of accounting. In short, accounting principles matter…a lot.

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Snyder

OCTOBER 28, 2022

Invoices are an integral part of any business that directly affects its cash flow and financial health. It’s critical to manage them properly and reflect them in accounting correctly. Often, you might get into a situation when you’ve paid invoices in the payment processing system that are still open in accounting.

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