Startup Blog - Blockchain Accountant - Jason Joel

What is the Difference Between Cash and Accrual Accounting?

What is the Difference Between Cash and Accrual Accounting?

There are two methods in accounting: cash basis and accrual. Cash basis accounting is more straightforward, while accrual accounting is more complex but provides a more accurate picture of your company’s financial health. This post will explain the two types...

January 16, 2022

Bookkeeping Small Business

What is Petty Cash?

The words “Petty Cash” may not mean much to you if you’re not a business owner. Petty cash is simply a fund that businesses use for small purchases. Companies use it as an informal way to keep track of expenditures...

January 2, 2022

Accounting Small Business

Why You Need a Bookkeeper?

Hiring a professional bookkeeper to help you with your business is not only wise but necessary. There are many reasons keeping accurate records of your expenses and income can be difficult for any small business. This post will discuss why...

December 5, 2021

How to Do a Bank Reconciliation for Small Businesses?

Accounting Small Business

How to Do a Bank Reconciliation for Small Businesses?

Reconciliation is an accounting term that means matching two sets of records. For example, bank reconciliation refers to comparing the balances provided by the bank statement against your business’s cash balance figure. Learning how to do a bank reconciliation for...

November 7, 2021