Income Statement
Balance Sheet
Cash Flow
Financial Ratios
Accounting Cycle
Accounting Terms

Small Business Accounting
Tools and Tips

Accounting is the essential language of your business. Understanding small business accounting principles and terms is crucial to your business success.

These guides will help you understand the fundamentals of small business accounting, the key financial reports and how to use them, and how to stay on top of your performance so you have more time to focus on your business results.

Whether you are just starting out and want to lay a solid financial foundation for your new business, or you have been using software such as Quicken, QuickBooks, or Peachtree Accounting, this website was designed to help you find information that you can quickly apply to your business to measure performance and profitability.

From deciphering financial statements (the income statement, the balance sheet, the cash flow statement), to understanding key financial ratios, basic accounting principles, and clear definitions of key accounting terms, you can find it all here along with additional resources.


Income Statement
The income statement is the primary financial report for understanding the bottom line earnings of your business.

Understanding the Balance Sheet in Business Accounting.
How to use the Balance Sheet to gather essential accounting information on your business profitability, liquidity, and financial strength.

The Statement of Cash Flows
Using the Statement of Cash Flows to Measure the Lifeblood of Your Business. How To Use the Statement of Cash Flows with the Other Financial Statements.

Using Financial Ratios to Understand Financial Statements
Easy to Use Examples of Analyzing Businesses with Financial Ratios and Accounting Formulas.

Understanding the Accounting Cycle
Step by Step Guide to the Accounting Cycle.

Understanding Key Accounting Terms and Definitions
Guide to Accounting Terms for Small Business.


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