Business Accounting - notes of business accounting

Business Accounting is the systematic recording, analyzing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organizations.

Following topics are covered:

Introduction

Accounting Information Users

Elements of the Accounting Equation

Generally Accepted Accounting Principles

Accounting Ethics and Oversight

How Can Accounting Help Your Business?

Financial stability

Greater efficiency

Smarter Marketing

What Are the Basics of Small Business Accounting?

Master basic bookkeeping

File your business tax returns

Create financial reports

How to Get Your Business Finances in Order

Open a separate business bank account

Develop an expense tracking method

Create a bookkeeping system

Learn your tax obligations

Review your methods to see what works

Do Small Businesses Need Accountants?

Conclusion