Accounting Basics

Accounting is a necessary part of running a company. Business accounting is the practice of recording, analyzing, and reporting your business’s performance and financial status. Good accounting and bookkeeping practices are essential not only to know the financial state of your business, but also to staying legally compliant and making sound business decisions. Although this may seem overwhelming, you don’t have to be a certified public accountant (CPA) to understand the accounting basics that will help with your business’s success.