Small Business Accounting 101: How To Manage Your Books


Once you start your small business, you'll probably handle most administrative tasks, including bookkeeping. Since accounting is essential to running any successful business, it's best if you become familiar with the basics of accounting.

But even if you're already outsourcing your accounting and bookkeeping tasks, it's still important to know the basics. It is critical to your success to understand your accountant's reports, the financial reporting framework for small and medium businesses, and to be able to accurately assess your business's financial health.

Here, we explain everything you need to know regarding small business accounting, including tracking and analysing your business's key financial measures to choosing the best small business accounting software and features