Remove Chapter 5 Remove Credit and Collections Remove Transactions
article thumbnail

Welcome To The Small Business Guide To Bookkeeping

Lendio

Throughout this guide, we will break down complex accounting concepts and give you step-by-step instructions for entering common transactions. Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. What Is Bookkeeping?

article thumbnail

Accounting 101 For Small Business Owners

Lendio

Small business accounting is the process by which a small business records its financial transactions and presents them in a standard format known as financial statements. And most accounting software is “smart”—it starts learning how to automatically categorize certain transactions, gradually lessening the time burden for you.