 | The basic accounting equation elements are simple concepts you need to grasp in order to run a small business. Accounting is based on the concept that a balance must be maintained through debits and credits. |
 | What is a CPA? "CPA" stands for "Certified Public Accountant," and you would go to a CPA for tax advice. However, not everyone who provides tax advice is a CPA. The three letters "CPA" can mean a lot if you need any kind of tax or business help. |
 | Need to know how to prepare a general ledger? Wondering if you're properly recording your small business expenses and credits? The following advice will help you set up your general ledger sheets properly. |
 | You'll have to read a balance sheet if you ever consider going into venture capitalism, investing in small businesses or getting involved on a corporate level with accounting. |
Accounting for outstanding checks can be time-consuming and troublesome, but you'll want to make sure you do so on a regular basis to prevent serious balance sheet reconciliation problems later. |
