by Jelena Arkula | Nov 4, 2026 | Procedures
Cash vs accrual accounting comes down to timing. Cash basis records income when the money arrives and expenses when you pay them. Accrual records income when you earn it and expenses when you incur them, whether or not cash has moved. Cash is simpler and matches the...
by Jelena Arkula | Nov 2, 2026 | Procedures
A small business chart of accounts needs about thirty accounts, not three hundred. Five or six for cash and cards. Then a handful for what you own and owe. One equity account per owner plus retained earnings. Three to five income lines, cost of sales if you have it,...
