Small Business Management: Accounting

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making sound business decisions. Accounting information is used by a variety of users, including investors, creditors, managers, and regulators.

Accounting helps small business owners track their expenses, understand their financial situation, and make informed decisions about where to allocate their resources. While accounting may seem like a daunting task, there are a number of simple tools and resources that can help small business owners get started.