Small Business Accounting

Small business accounting involves recording, organizing, and analyzing a company's financial transactions—such as sales, expenses, investments, and payroll. Its goal is to provide a clear picture of the business’s financial health, ensure compliance with tax laws, and support decision-making. This process includes maintaining accurate records, preparing financial statements, managing cash flow, and tracking profits and losses. Proper accounting helps business owners understand their financial position, plan for growth, and avoid legal or financial issues, serving as the foundation for responsible and sustainable business management.