Accounting for Small Business Owners

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Busy Accountant - The Best Books Reviews

Busy professional

33 episodes

4 days ago

Join AIra and AIlex as they explore must-read books for accounting professionals! Each episode breaks down key insights and practical strategies from the most impactful and up-to-date books in the world of accounting and finance. Whether you're a public accountant, corporate controller, tax advisor, or auditor, this podcast helps you stay sharp, compliant, and competitive—without the time drain. From financial reporting and tax strategy to ethics, automation, and career growth, you'll get expert summaries tailored to the realities of busy accounting professionals.

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Accounting for Small Business Owners

Busy Accountant - The Best Books Reviews

28 minutes 42 seconds

1 month ago

Accounting for Small Business Owners

This compilation from "Accounting for Small Business Owners" serves as a comprehensive guide to financial management for small enterprises. It begins by defining fundamental accounting principles and the roles of various accounting professionals, while also outlining different business structures and their implications. The text then explains core accounting terms and the accounting equation, alongside detailing the purpose and structure of key financial statements like the balance sheet, income statement, and statement of cash flows. Furthermore, it provides practical guidance on setting up accounting systems, managing payroll, handling inventory, recording sales, and understanding the costs associated with running a business. Finally, it touches upon end-of-cycle accounting processes, paying taxes and dividends, and methods for valuing a small business.

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