|
|
|
|
|
by rahimnathwani
3750 days ago
|
|
The accounting equation, and theory underpinning book-keeping, is the right place to learn about accounting. But this is literally an hour's work. I agree that you don't need to learn how to 'do book-keeping', in the sense of knowing your way around the UI of some specific accounting software. But, unless you spend that first hour, you will need a lot of explanation from your accountant in order to understand why income != cashflow. If you have spent that hour, then your accountant simply needs to tell you: "your 'accounts receivable' went up, as you haven't converted those invoices you issued into actual cash". Actually, they wouldn't need to even tell you this, as it would be obvious from the balance sheet. |
|