EGIA
All
All
Videos
Documents
Templates
Articles
Trainers
What's new

You can also View by Categories

SAVE THIS PAGE

Accounting Basics - Double Entry, Cash vs. Accrual, Doing Accounting

Accounting is a detailed discipline filled with debits, credits, cash, accrual, purchase orders and all manner of putting data in buckets to make a company picture appear that can tell us what actually happened in numbers, not just activities. It is all about writing the storybook of how a business actually performed in real life not what we hoped for in a budget. Accounting is necessary and a key component in the success or failure of companies large and small. In fact, it probably makes more sense that the smaller you are the more you need to account correctly. In smaller companies, the impact of a mistake is far more forceful than in a larger organization. Learn how accounting works, the steps to getting a proper accountant, how to choose a vendor that can help, and how accounting should work for a contractor and why.