Learn Basic Business Accounting: Why It’s Important for Small Businesses

Business Accounting

Accounting may seem like common sense to some people, but accounting is a special skill that requires small business owners to think like an accountant — sometimes for the first time in their lives! Even though accounting requires special knowledge, small business owners from all types of backgrounds can learn basic business accounting techniques.

Whether you own a dog grooming salon, pastry catering company, food truck, or tailoring business, learning basic business accounting skills is essential for managing your small business and complying with the law. From keeping employees happy by paying and withholding the appropriate amounts from their paychecks, to getting ready for tax season and keeping your business afloat, it’s important to have some basic business accounting resources under your belt.

Back to Basics

Some basic accounting practices for small businesses include the ability to track the cash flow of income and expenses, calculate necessary tax payments, manage payroll, and produce financial reports.

As a small business owner, you work extremely hard to keep your business running smoothly and your customers happy. You are working on your business at all times of the day. When you do have the opportunity to update or learn new skills, the last thing you want to do is feel like you’re doing more work. That’s why it’s important to find accounting resources that capture your attention and keep you engaged.

Meet Virgil Whitelaw

The Virgil Whitelaw: Forensic Accountant in Space ebook series on basic accounting at Accounting Boot Camp will keep you engaged and entertained while you learn basic business accounting skills.

As you’re learning basic business accounting, Virgil Whitelaw will take you on adventures of forensic accounting in space. In The Income Statement, Virgil takes you on a 20-minute ebook adventure in learning the goals of accounting, the needs of users, stating an opinion, the risks of ownership, and revenues, expenses, and income statements.

Later, Virgil takes you on several other 20-minute adventures through topics like assets, liabilities, owners’ equity, and debits and credits. Each adventure includes a quiz at the end to help you know whether or not you grasped the accounting concepts presented in the material.

Becoming more familiar with basic business accounting skills will allow you to follow the more complex adventures of Carl Lucey: Railroad Tycoon in America. Carl Lucey’s stories take place in 1800’s America, and they focus on intermediate accounting topics like depreciation, amortization, gains and losses, fixed vs. variable costs, and inventory. These topics may seem beyond your understanding now, but the stories of Virgil Whitelaw in space will prepare you for your travels with Carl Lucey in early America!

Why stuffer through dry and boring accounting courses when you can learn basic business accounting through fun and informative 20-minute short ebooks? Explore Accounting Bootcamp now to start your first Virgil Whitelaw: Forensic Accountant in Space adventure today!

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