double entry bookkeeping, general ledger and Maine

Accounting Basics for Small Business: A Simple Guide

Snyder

JUNE 20, 2022

It’s necessary to distinguish between accounting and bookkeeping because people often confuse these two notions. Bookkeeping is a part of a business accounting system that focuses on recording and administering financial transactions. Choose your bookkeeping method. Set up a general ledger.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

JANUARY 3, 2023

We spoke about cash basis and accrual basis accounting when discussing 3 main financial statements. Single-entry bookkeeping vs. double-entry bookkeeping. The single-entry method suggests entering each transaction only once. Cash basis accounting vs. accrual basis accounting.

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Accounting Basics for Small Business: A Simple Guide

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

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