The Bookkeeping Basics | Learn from Wave

Check out Part 1 of our Bookkeeping 101 series, where we walk you through the basics of what bookkeeping is, why it's important for your small business, and how to determine the right bookkeeping method and accounting method for your business.

⏱Timestamps:
00:00 - Intro
00:32 - What is bookkeeping?
00:47 - Why is bookkeeping important?
01:29 - Which bookkeeping method is right for you?
01:52 - Single-entry bookkeeping
02:26 - Double-entry bookkeeping
03:17 - Which accounting method is right for you?
03:48 - Cash-based accounting
04:17 - Accrual-based accounting
05:04 - Recap

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