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Accrual-Basis vs. Cash-Basis Accounting
As a freelancer, solo practitioner, or small business owner, it is important for you to understand the two basic ways to account for the income and expenses of your business: the accrual method and...
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What are the Different Account Types in Accounting?
This is the second part in an ongoing series of articles diving into accounts and how they are used in the context of accounting. When you first setup your business in Kashoo you are presented with a...
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What is an Account in Accounting?
If we are talking about an account in the context of accounting then it has a different meaning than most people are used to. The word account usually triggers thoughts of a bank account: checking or...
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What is Accounting and Why Do I Need It?
Accounting and bookkeeping have been around for just about as long as humans have engaged in trade and commerce. This makes sense, because if we want to do business with each other in any kind of...
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What is an Accounting Transaction?
The simplest definition of an accounting transaction is an event that occurs that has an impact on your business’ financial statements. This event is recorded in your business’ accounting records, and...
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What Is the Difference between a Bookkeeper and an Accountant?
The roles of a bookkeeper and an accountant may overlap, but there are crucial differences between them. If you understand the differences, you can determine how these roles should be filled within...
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What are the Generally Accepted Accounting Principles (GAAP)?
As a small business owner, you wear the “accountant” hat from time to time. But while you may not need a degree in accounting to run your business, or even just to get a basic handle on your company’s...
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The Anatomy of an Income Statement
Let’s talk about the elephant in the room: Accounting can be hard and at times, quite complex. But that didn’t stop us at Kashoo to try and build out a software designed to simplify how you run and...
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How to Manage Your Cash Flow (and Avoid Going out of Business)
Business growth is a pretty incredible thing to watch. As your revenue climbs and your expenses shrink, you start to feel the momentum of a solid business. But there is one thing that can trump growing...
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How to Get Paid Faster: Tips for Dealing with Unpaid Invoices
Accounts Receivable can be a beautiful part of your sales process. A customer commits to working with you. You provide the service or product. Then the customer has 30 days to pay for it. Sounds...
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