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Small business accountants on 10 basic accounting terms all business owners should know

As small business accountants in Sydney we believe that all small business owners should be aware of these basic accounting principles to ensure that you are still in control of your accounts.

The basic accounting terms that your business accountant should tell you are:

Assets
Balance Sheet
General Ledger
Gross Margin
Loss
Credit
Receipts
Revenue
Trade Discount
Trial Balance

Above are the 10 simple terms that most should be aware of in order for your business to be run smoothly without any questions. It will allow for trust between you as the business owner and your small business accountant.

If you have any questions, feel free to get in contact with our small business accountants in Sydney and let us take care of all your business accounts.