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Accounting Basics: What Do Debit and Credit Mean? 

Nolan Accounting Center

Generally, a business will assign transactions to one of five main account types: Asset accounts contain the resources that a company relies on to generate revenue. These include inventory, accounts receivable, and cash. Expense accounts contain items that show the company’s cost of doing business.

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Pros and Cons of Outsourced Accounts Payable and Accounts Receivable Services

CSI Accounting & Payroll

At CSI Accounting & Payroll, we’ve worked with small business finances for over 50 years. Thousands of small businesses have outsourced their financial needs to us, but we don’t handle their accounts payable (bill pay) or accounts receivable (collections). Why is that?

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Accounting Basics: What Do Debit and Credit Mean? 

Nolan Accounting Center

Generally, a business will assign transactions to one of five main account types: Asset accounts contain the resources that a company relies on to generate revenue. These include inventory, accounts receivable, and cash. Expense accounts contain items that show the company’s cost of doing business.

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4 accounts payable tips for small businesses

AP Association

Accounts payable is an essential component of any small business's accounting processes. Your business's accounts payable department maintains a record of all the money you owe to suppliers and other creditors.

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Small Business Accounting Guidelines: Steps For Running & Scaling Your Business

Outsourced Bookeeping

Therefore, getting some financial knowledge of what is happening in your business’s financial realm might be useful to you so that you can track your business progress and make it run efficiently without third-party interference. In this stage, you will set up accurate and consistent accounting processes.

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Mastering Cash Flow Management: Essential Accounting Tips

Nolan Accounting Center

How a Professional Accountant Can Help Manage Cash Flow A professional accountant can help manage cash flow by assisting with budgeting and forecasting. They assist with the management and interpretation of financial statements and help with the processes and tools that can streamline accounts receivable.

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Small Business Accounting 101: Basics Every Business Owner Should Know

Less Accounting

The goal of accounting is to provide insights into the financial health of a business to drive business decisions. Important Accounting Words to Know As you start learning about small business accounting, there’s a fair amount of new terminology. Assets Valuable resources owned by your business.