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Different types of accounts in small business - by your small business accountants in Sydney

When you are running any type of business it is important for you to understand there are a few different types of accounts that need to be managed to ensure smooth operations. As your small business accountants in Sydney we will tell you about various accounting factors you need to consider in small business to even get started.

Before you start any type of business – our business accountants in Zetland recommend getting in contact with us or any professional to set your business up the right way! Here are the different types of accounts in small business that need to work together:

• Cash accounts
• Bank accounts
• Credit cards
• Undeposited funds
• Income accounts
• Expense accounts
• Assets
• Liabilities
• Equity
• Accounts payable
• Accounts receivable
• Costs of goods sold
• Health spending account

They are the different kinds of accounts that run synonymously for small business and without them a business cannot run properly. This is why our small business accounting team in Zetland find it so important for you to get in contact with a professional.

Don’t forget the browse through our small business accountants in Sydney’s full range of services!