Accounting Practices
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Mastering GAAP: Best Practices in Accounting for Business

ByHarley Carr Updated on Max 8 min read

Unveiling the GAAP Foundation What Is GAAP in Simple Terms? Imagine you’re building a house with each brick representing a financial transaction. You want that house to be sturdy and understandable to anyone who might visit. GAAP is like the set of blueprints for that construction. In simple terms, GAAP stands for Generally Accepted Accounting…

Bookkeeping tips: How to improve your small business
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10 Easy Steps to Set Up a Small Business Bookkeeping System

ByMason Fairbank Updated on Max 14 min read

What is small business bookkeeping? Small business bookkeeping is the financial activities involved in processing, measuring, and communicating a business’s finances. These activities include the following: Bookkeeping can help streamline business practices and ensure accuracy in decision-making by keeping track of expenses and understanding the financial standing of a business. There are various methods and…