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    Accounting: Step by Step Guide to Accounting Principles & Basic Accounting for Small business
    Accounting: Step by Step Guide to Accounting Principles & Basic Accounting for Small business
    Accounting: Step by Step Guide to Accounting Principles & Basic Accounting for Small business
    Ebook85 pages1 hour

    Accounting: Step by Step Guide to Accounting Principles & Basic Accounting for Small business

    By Mark Smith

    4.5/5

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    About this ebook

    Learn the principles of Accounting for Small Business...


    The field of accounting can be very important to any business. These professionals make sure that there is a good bookkeeping system in place for the business, helps prepare a lot of important documents for that business, and can give advice on how the business should act to keep their financial health in good shape. Without these individuals, it would be hard for a business to keep things organized and all their finances in line.



    This guidebook is going to take the time to explain some of the important aspects of accounting. 
    Some of the topics that will be discussed include:



     - What is the difference between accounting and bookkeeping?
     - Some of the terms that you should learn to understand how accounting works
     - How to work with a balance sheet
     - What the income statement is and why it's so important
     - The cash flow statement
     - The different types of accountants and how they can be helpful to a business
     - Some tips to help you out with accounting
     - And more...
     


    If you are ready to learn more about accounting and what this field can do for your business, get your copy of this guidebook TODAY to help you get started!

    LanguageEnglish
    PublisherMark Williams
    Release dateOct 3, 2018
    Author

    Mark Smith

    Hi! I'm Mark. 43, Married and father of three. I'm not an author, but I play one on Smashwords. And yes- Hawk is my real middle name given at birth.

    Read more from Mark Smith

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    • 5/5
      I love this book.. simple but easy to follow along and a great way to break the ice into accounting.

    Book preview

    Accounting - Mark Smith

    Conclusion

    © Copyright 2018 by Mark Smith - All rights reserved.

    The following eBook is reproduced below with the goal of providing information that is as accurate and reliable as possible. Regardless, purchasing this eBook can be seen as consent to the fact that both the publisher and the author of this book are in no way experts on the topics discussed within and that any recommendations or suggestions that are made herein are for entertainment purposes only. Professionals should be consulted as needed prior to undertaking any of the action endorsed herein.

    This declaration is deemed fair and valid by both the American Bar Association and the Committee of Publishers Association and is legally binding throughout the United States.

    Furthermore, the transmission, duplication or reproduction of any of the following work including specific information will be considered an illegal act irrespective of if it is done electronically or in print. This extends to creating a secondary or tertiary copy of the work or a recorded copy and is only allowed with an expressed written consent from the Publisher.

    All additional rights reserved.

    The information in the following pages is broadly considered to be a truthful and accurate account of facts, and as such any inattention, use or misuse of the information in question by the reader will render any resulting actions solely under their purview. There are no scenarios in which the publisher or the original author of this work can be in any fashion deemed liable for any hardship or damages that may befall them after undertaking information described herein.

    Additionally, the information in the following pages is intended only for informational purposes and should thus be thought of as universal.

    As befitting its nature, it is presented without assurance regarding its prolonged validity or interim quality. Trademarks that are mentioned are done without written consent and can in no way be considered an endorsement from the trademark holder.

    Introduction

    ––––––––

    Congratulations on downloading Accounting and thank you for doing so.

    The following chapters will discuss everything that you need to know to get started with Accounting. We will start this guidebook out with an introduction about how accounting and bookkeeping are different, along with some of the most common terms you will use, to make sure we understand how this area works.

    After that, we will take a look at the different parts that come with accounting. We will look at the different types of bookkeeping, how to create some of the financial statements such as the income statement and other documents required by the SEC and the different types of accountants, the importance of tax accounting, and some tips to help you get started.

    Accounting is such an important part of a business. It ensures that your financial records are accurate and that you can comply with all the SEC and tax laws. Make sure to check out this guidebook to help you get started.  

    There are plenty of books on this subject on the market, thanks again for choosing this one! Every effort was made to ensure it is full of as much useful information as possible, please enjoy!

    Chapter 1: How Bookkeeping and Accounting Are Different

    Before we get too much into this guidebook, it is important to note that accounting and bookkeeping is not the same thing. Bookkeeping is going to concentrate on simply recording all the financial activities of a business. Keeping track of these transactions, no matter what they are depending on that particular business.

    The accountant can then take this information and help the company by analyzing, summarizing, and reporting the results of what they found. The product or accounting is information, and this information is vital to the management of a company for their operating as well as investment decisions. If the management doesn’t know how much money the business has, how much inventory that business holds, and how many employees they have along with employee pay.

    Every business, as well as a nonprofit entity, will need a reliable system of bookkeeping that relies on established principles from accounting. Accounting will often cover more topics compared to what you see with bookkeeping. Bookkeeping is just going to be the part where you keep records of your business, or where you record all of the information about financial activities and all transactions for that particular business.

    What Is Bookkeeping?

    Bookkeeping is a subset of the arena of accounting. The process of bookkeeping is when you gather, organize, and store all your financial information so the company has that information ready when

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