Understanding the Basics of Your Accounting and Financial Data

February 1, 2018 | Article

Your financial data (even though it is expressed in numbers rather than words) tells a story of where your business has been, where your business is now, and where you can go in the future. Accounting is one of the functional pillars of your business. It takes your everyday business transactions, organizes it into meaningful data and allows you to make informed business decisions. Accounting is important to get right—the first time.

Accounting is critical for your business and its growth goals. Accounting can help you with day-to-day functions, or long-term goals and profitability. Having a good grip on the basics of accounting not only gives you the ability to understand what all those numbers mean, but it also means you have the knowledge to help your business continue to grow and be successful.

Accounting is the language of business and incredibly necessary for you to understand. But what if you don’t know a ton about accounting? What if you’re not even sure how to get started?

We’ve developed a guide to the basics of accounting. This book is designed to help you understand the fundamentals, including:

  • What you need to track and why
  • Components of a balance sheet and profit and loss statement
  • Information on chart of accounts
  • Real world examples
  • Sample balance sheet and profit and loss statement

Download the Accounting Basics Guide

Ready to learn more about the basics of accounting? Fill out the form to get started. You’ll receive immediate access to our accounting basics guide and an attachment for later use.

Need help with your accounting?
You need solid, correct financial data to make strong business decisions. Ensure you have an accounting advisor who can help you get there. A strong accounting professional should be able to work with you through a variety of scenarios and help you model various cash flows and growth opportunities. Plus, they should be able to ensure you have the right financial data to make strategic business decisions.

Let us help you get ahead in your accounting.

Stay current on your favorite topics


Applicable Offerings

Take a deeper dive into this Insight’s subject matter.

Accounting & Finance Accounting & Finance