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.

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How to add a bank account

One of the first things you need to do when you start using your accounting system is to add your bank accounts. It is important to select the correct account during a transaction so that the funds can be allocated to the correct accounts. To add a bank account to your accounting system, do the following: Log into PiggyZen Select 'Accounting and Finances' from the menu. Select 'Manage Chart Of Accounts' under 'Chart of Accounts'. Click on 'Add Bank Account'. Enter the account name. You can also enter the account number under 'Description' (optional). Click on 'Add'.

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

Free Payroll - How to create payroll entries

If you need payroll features, we strongly recommend that you upgrade to PiggyZen Pro . Using the payroll features in PiggyZen PRO have many advantages and makes payroll easy and quick. If however you prefer to continue using the free edition of PiggyZen, it is possible to manually do your payroll using the free edition. If you haven't already, create your Free PiggyZen account . Why payroll in PiggyZen PRO is better Before I start showing you how to do your payroll in the free edition, you need to understand that there are a lot of features that you will not have and that can cause problems later. Below is a list of features that payroll in PiggyZen PRO has that you will not have access to: Once set up, doing a payroll run in PiggyZen PRO is very quick and easy. Payslips are generated for you and automatically emailed to employees. Salary payments and advances are automatically allocated to each employee's salary history and will be displayed on payslips. Salary statements

PiggyZen Accounting

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