Description
Accounting for a small business entails the periodic tracking, recording and analyzing of your business transactions in order to keep track of your business performance and expenses. The most basic principles for accounting when it comes to small businesses or startups encompasses the understanding of your business’ balance sheet, P&L statement, cash flow statements, and more. This “Understanding The Accounting and Financial Basics Of Your Small Business” Checklist details the fundamentals of your business’ financials and accounting.