Accounting Terms You Need To Know

by | May 14, 2021 | Accountant Software, Accounting, Accounting Terms, Bookkeeping, Business Name Search, Chart of Accounts, Profit & Loss, QuickBooks, Startup Support Plus, Web Design

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Learn Key Accounting Terms with QuickBooks Online

Why Accounting Terms Matter

Understanding basic accounting terms is essential for small business owners using QuickBooks Online. A strong grasp of key terminology helps you read financial reports accurately, track performance, and avoid costly errors.

Without this foundation, managing your finances can become confusing—and that’s where this short tutorial video comes in.

What You’ll Learn in the Video

In this QuickBooks Online video, you’ll be introduced to important terms and account types, including:

  • Assets – What your business owns

  • Liabilities – What your business owes

  • Equity – Your ownership value

  • Income – What your business earns

  • Expenses – What it costs to run your business

You’ll also learn the difference between:

  • Accounts Receivable (money owed to you)

  • Accounts Payable (money you owe)

These concepts play a critical role in managing cash flow, budgeting, and financial planning.

Who Should Watch This

This video is ideal for:

  • Entrepreneurs and startup founders

  • Freelancers and self-employed individuals

  • New QuickBooks users

  • Anyone wanting to improve financial literacy

The content is clear, beginner-friendly, and perfect for those who want to take control of their business finances with confidence.

Watch the Video Now

📽️ Accounting Terms You Need to Know | QuickBooks Online

Gain clarity on your books, learn the language of accounting, and get the most out of QuickBooks Online.

Need Help With Bookkeeping?

If you still have questions after watching the video or want personalized support for your business, we’re here to help.

📩 Contact us today and take the next step toward better financial management.

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