Skip to main content

What is the accounting equation?

 

What is the accounting equation? - or a better question - Why should you care? Accounting software like PiggyZen takes care of the accounting aspect of your business for you. It is designed to be easy to use and will create journal entries for you in the background. Everything will balance and you can focus on running your business.

That is all true - but as a business owner, understanding the basics of accounting can help you grow and manage your business.

We have searched the Internet for you to look for the simplest and best explanation of the accounting equation. 





Comments

Popular posts from this blog

How to set up payroll

  This video shows how to set up payroll. It includes how to add employees, add payroll liability accounts, do a payroll run, email payslips, pay employees, give an advance and pay payroll liabilities.  For more information on PiggyZen, go to https://PiggyZen.com

How to work with foreign currency

  This video explains how foreign currency and exchange rates work in accounting. It gives an example of a journal entry with a foreign exchange gain or loss entry. It also shows what you need to do in the PiggyZen online accounting system to work with foreign currency.

How to do bank reconciliation

  Training video that shows you how to import your bank statements and do bank account reconciliation in your accounting software.