Most small business owners aren't accountants by trade. But whether their background is in product development, HR, management or anything else, they have to learn the nuts and bolts of accounting.
The good news is that small business accounting is relatively simple. Companies that operate in a single state and have a simple business structure have three accounting priorities: to ensure their revenues exceed expenses, keep their books clean and pay their taxes. Still, small business accounting can be tricky for leaders without any sort of financial background. Use these tips to make sure you're on the right path.
Original Article Source Credits: Business.com , https://www.business.com/
Article Written By: Rashan Dixon
Original Article Posted on: Nov 12, 2019
Link to Original Article: https://www.business.com/articles/small-business-accounting/