double entry bookkeeping, Legal and payroll tax

GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

JUNE 29, 2023

On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data. This process occurs before any cash payment is made or taxes are due.

accrual accounting

accrual accounting accounting principles accounts payable accounting and finance

Accounting Basics for Small Business: A Simple Guide

Snyder

JUNE 20, 2022

Depending on your business structure, a separate business bank account can be either legally required or not obligatory. This way, your personal and business records won’t mix up, and it’ll be much easier for you to prepare for the tax season, secure a loan or a credit line, and talk to investors. Let’s break them down.

accounting basics

accounting basics general ledger accountant accounted

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GAAP: What It Is and Why Your Investors Expect It

Accounting Basics for Small Business: A Simple Guide

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