Basic Accounting Tips

Welcome to Basic Accounting Help!

This site is designed to help small business owners, students, or anyone wanting to learn accounting basics in a simple easy-to-understand language.

The examples and tips in this basic accounting site will give you a solid foundation to build your accounting knowledge and/or small business accounting system.

This site also offers free accounting software downloads for small business owners. (see details below)

Popular topics in accounting basics include...

(p.s. If you are just starting in your journey to understanding accounting basics better, please read the following pages in the order they appear.)

Basic Accounting Concepts

Double Entry Bookkeeping

Journal Entries

General Accounting Ledger

Financial Statements

Financial Ratio Analysis

There are also sections of this site devoted to the small business owner such as setting up a petty cash account, a free mileage log sheet with all of the required IRS information included, cost accounting tips, and how to set up a payroll for your small business.

Free Accounting Software

Most business should and do use a double entry accounting system; however, there are certain circumstances where a small business can use a single entry bookkeeping system such as:

a start-up business; or
a small business with little or no accounts receivables (money owed to your business by your customers) and few or no liabilities (debts owed by your small business); or
a small business that cannot afford expensive accounting software just yet

...my free accounting spreadsheets may be just what you need. See this page for details on the free accounting software that you can easily set up and begin to use right away:Free Accounting Software

Never Lose Your Receipts

For tax prep, good record-keeping, and unexpected IRS audits, you will always need your receipts for your business expenses. Use Shoeboxed.com for all your receipt organization needs - 30 day free trial available.