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September 15, 2014

What is Accounting and Why Do I Need It?

Accounting and bookkeeping have been around for just about as long as humans have engaged in trade and commerce. This makes sense, because if we want to do business with ...

December 16, 2013

What is an Account in Accounting?

If we are talking about an account in the context of accounting then it has a different meaning than most people are used to. The word account usually triggers thoughts o...

June 25, 2012

Accrual-Basis vs. Cash-Basis Accounting

  As a freelancer, solo practitioner, or small business owner, it is important for you to understand the two basic ways to account for the income and expenses of you...

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