QuickBooks® 2012 In Depth

3. Accounting 101

Basic Principles of Accounting

This chapter provides a quick review of some of the more important accounting concepts, written especially for the non-accountant business owner. While there is much more to learn about accounting principles than this chapter covers, you will learn at least enough to help you manage the financials of your business.

You made an important choice when you selected the QuickBooks software to help you track the day-to-day financial transactions of your business. QuickBooks completes most of the accounting behind-the-scenes, so you can focus on what you do best.

Note

This book does not offer tax or accounting ...