What Is Accounting? Definition and Basics, Explained Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it.

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of ...

Double entry is the standard accounting method that requires every financial transaction to be recorded twice to reflect both a credit and a debit.