Basic Accounting Explanations and Examples
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This site is designed to help small business owners, students, or anyone wanting to learn accounting basics in a simple easy-to-understand language.
Now for those of you needing the free accounting spreadsheets:
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
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