I created a bookkeeping template in Google Sheets for small business owners to either record their transactions or draft simple financial plan. The template is FREE and beginner-friendly.
Financing is one of the key purposes of a business plan. Including neat projection in the financial statements format connecting every aspects in your business plan is to communicate with investors in their language and thus helps win the funding.
Nowadays, there are many convenient accounting software for you to easily generate the financial reports. But understanding the logic and process behind the scene is still critical to properly set up your accounting system that fits your business.
This post shares 13 essential accounting concepts with examples to help beginners understand the language of money. There are plenty of accounting concepts and they can be confusing. This post will organize the 13 essential accounting concepts by type and explain with examples to help you grasp the ideas quickly.