- Last Updated on:   July 25th, 2019
- Posted by: QB
QuickBooks and QuickBooks Pro are easy to learn and use. Accounting knowledge is not necessary. You do not need to understand debits, credits or posting, all you have to do is to fill familiar forms on the screen like checks, invoices and other forms. QuickBooks will do your accounting for you, and the things will be crystal clear.
Here are some of the basic small business accounting and bookkeeping principles defined in simple terms.
|Accounting and Bookkeeping Principles||Accounting and Bookkeeping Principles|
|Capital: Debt vs. Equity||Balance Sheet|
|Accounts Receivable||Journal Entries|
|Bookkeeping Systems: Single-Entry vs. Double-Entry||Accounting Methods: Cash vs. Accrual|
|Accounting Methods: Cash vs. Accrual||Cash Flow|
|Debits and Credits||Depreciation|
|Liabilities||Profit and Loss|
Get In-Depth Information from here: https://quickbooks.intuit.com/r/bookkeeping/basic-accounting-bookkeeping-principles-defined/
We hope that now your doubts related to accounting in QuickBooks are clear now. And if you still think that accounting is a big deal then feel free to call our QuickBooks Consultant by dialing toll-free at +1(800)880-6389.