{"id":2878,"date":"2022-11-17T12:01:28","date_gmt":"2022-11-17T12:01:28","guid":{"rendered":"https:\/\/www.hishabpati.com\/?p=2878"},"modified":"2026-01-08T14:08:59","modified_gmt":"2026-01-08T08:08:59","slug":"%e0%a6%9b%e0%a7%8b%e0%a6%9f-%e0%a6%ac%e0%a7%8d%e0%a6%af%e0%a6%ac%e0%a6%b8%e0%a6%be%e0%a6%b0-%e0%a6%b9%e0%a6%bf%e0%a6%b8%e0%a6%be%e0%a6%ac%e0%a6%b0%e0%a6%95%e0%a7%8d%e0%a6%b7%e0%a6%a3","status":"publish","type":"post","link":"https:\/\/www.hishabpati.com\/en\/different-types-of-accounts-in-small-business-accounting-in-bangladesh\/","title":{"rendered":"Different Types of Accounts in Small Business Accounting in Bangladesh"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2878\" class=\"elementor elementor-2878\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d4f35f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d4f35f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-362385e\" data-id=\"362385e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a39fa12 elementor-widget elementor-widget-text-editor\" data-id=\"a39fa12\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you are an owner of a small business, you will want to grow your business at some point in time for sure. You need a good idea about your business\u2019s financial condition to grow your business. It will help if you also prepare different financial statements for this. Apart from this, as a businessman, keeping track of your various business transactions is your duty.\u00a0<\/span><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: var( --e-global-typography-text-font-size ); text-align: var(--text-align);\">Whether you want to grow your business or manage it effectively, you need to have a clear understanding of various aspects of small business accounting.\u00a0<\/span><\/p><p><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: var( --e-global-typography-text-font-size ); text-align: var(--text-align); font-weight: var( --e-global-typography-text-font-weight );\">With this in mind, we have created this article on \"Various Aspects of Small Business Accounting.\" So, without further delay, let's first understand what small business accounting actually is.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15c6583 elementor-widget elementor-widget-heading\" data-id=\"15c6583\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is Small Business Accounting?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a44640 elementor-widget elementor-widget-text-editor\" data-id=\"4a44640\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Small business accounting refers to a process where you track all transactions that have taken place in your business and then analyze them for the long-term development of your business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a small business owner, it can be challenging to keep track of all your business accounts and assets. For this reason, you need to hire an accountant and choose the right accounting software. In this case, HishabPati can be a suitable choice for your business. This software can be easily used on your mobile, desktop, laptop, and tablet at an affordable cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By using such software, your accountant can easily track all business purchases, sales, liabilities, and expenses\u2014in other words, how much cash has flowed out of the business and how much has come in. The software also helps you prepare various financial statements for long-term business growth, such as the income statement, cash flow statement, and balance sheet. HishabPati is exactly that kind of accounting software.<\/span><\/p><h3 style=\"text-align: justify;\"><a href=\"https:\/\/www.youtube.com\/watch?v=h2-S52mNaSM&amp;ab_channel=HishabPati\">Demo<\/a><b>&nbsp;- View this &amp; start your journey with HishabPati in three simple steps!<\/b><\/h3><ul style=\"text-align: justify;\"><li aria-level=\"1\"><b>Step 1: Sign up on HishabPati&nbsp;<\/b><\/li><\/ul><p style=\"text-align: justify;\">First, go to the HishabPati website and create an account for your business. Or, to make managing your business easier, download and install the \u2018HishabPati\u2019 app for free today.<\/p><p style=\"text-align: justify;\"><b>\u2705<\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.mindorbital.android.hishabpati&amp;pli=1\"><b>HishabPati Android app<\/b><\/a><\/p><p style=\"text-align: justify;\"><b>\u2705<\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/hishabpati\/id6482980950\"><b>HishabPati iOS app<\/b><\/a><\/p><p style=\"text-align: justify;\">Then complete the registration. The registration process in HishabPati is very easy and completely free!<\/p><ul style=\"text-align: justify;\"><li aria-level=\"1\"><b>Step 2: Set up your company&nbsp;<\/b><\/li><\/ul><p style=\"text-align: justify;\">After signing up, first set up your business profile by providing the necessary information as the owner. Then, set up essential business aspects such as inventory, units, purchases and sales, outstanding balances, invoices, and transactions. After that, start updating daily transactions.<\/p><ul style=\"text-align: justify;\"><li aria-level=\"1\"><b>Step 3: Enjoy the various features of HishabPati&nbsp;<\/b><\/li><\/ul><p style=\"text-align: justify;\">Once you start managing your business accounts with HishabPati, make sure to utilize the necessary and unique features, such as invoicing, barcode scanning, units, and expense management. To understand how to use HishabPati and its features in detail, watch demo videos in Bengali on YouTube.&nbsp;<\/p><p style=\"text-align: justify;\"><a href=\"https:\/\/www.youtube.com\/watch?v=h2-S52mNaSM&amp;ab_channel=HishabPati\"><b>Digital ledger for income and expenses \u2013 HishabPati demo.<\/b><\/a><\/p><p style=\"margin-top: 0px; margin-bottom: 0px; text-align: justify;\">HishabPati is a simple and affordable accounting app. Its subscription fees are divided into different durations and offered in budget-friendly packages.&nbsp;<a href=\"https:\/\/www.hishabpati.com\/en\/pricing\/\"><b>Learn more about the pricing and features<\/b><\/a>&nbsp;today in details &amp; choose your desired package.&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s go directly to our main discussion after knowing what small business accounting is.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f07052 elementor-widget elementor-widget-heading\" data-id=\"4f07052\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Different Kinds of Accounts in Small Business Accounting\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6f2631 elementor-widget elementor-widget-text-editor\" data-id=\"c6f2631\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">All accounts of your business are divided into various categories to prepare the financial statements necessary to analyze the financial state of your small business. Those accounts are mentioned below:<\/span><\/p><p><span style=\"font-weight: 400;\">1.  \tAssets<\/span><\/p><p><span style=\"font-weight: 400;\">2.  \tLiabilities<\/span><\/p><p><span style=\"font-weight: 400;\">3.  \tEquity Account<\/span><\/p><p><span style=\"font-weight: 400;\">4.  \tIncome<\/span><\/p><p><span style=\"font-weight: 400;\">5.  \tExpenses<\/span><\/p><p><span style=\"font-weight: 400;\">6.  \tBank Accounts<\/span><\/p><p><span style=\"font-weight: 400;\">7.  \tCash Accounts<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a08.  \tUndeposited Funds<\/span><\/p><p><span style=\"font-weight: 400;\">9.  \tCredit Cards<\/span><\/p><p><span style=\"font-weight: 400;\">10.  Accounts Receivable<\/span><\/p><p><span style=\"font-weight: 400;\">11.  Accounts Payable<\/span><\/p><p><span style=\"font-weight: 400;\">12.  Foreign Exchange<\/span><\/p><p><span style=\"font-weight: 400;\">13.  Cost of Goods Sold<\/span><\/p><p><span style=\"font-weight: 400;\">14.  HSA or Health Spending Account<\/span><\/p><p><span style=\"font-weight: 400;\">Now, let\u2019s discuss thoroughly each of these accounts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02f52ce elementor-widget elementor-widget-heading\" data-id=\"02f52ce\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1.  \tAssets\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad1219d elementor-widget elementor-widget-text-editor\" data-id=\"ad1219d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This account entails the assets that are under the business i.e. the business is the owner of which assets. Each business has different kinds of assets that add much value to the business. These can be either tangible or intangible assets. You can either keep an account or sub-accounts in your accounting system.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Assets are crucial to controlling balance sheets and sales tax returns. Assets have resale value and generally, get depreciated with time. Depreciation is your tax return\u2019s part and your accountant integrates it according to local tax principles. The assets account has all your assets, liabilities, accounts receivable, and inventory information.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a081dd elementor-widget elementor-widget-heading\" data-id=\"9a081dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2.  \tLiabilities<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdfd3b6 elementor-widget elementor-widget-text-editor\" data-id=\"bdfd3b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Liabilities are future expenses or a type of debt. Debts can be both long-term and short-term. If you have taken a one-year loan, that will be a short-term liability, and if it\u2019s a five-year loan, it will be a long-term liability. If clients make advance payments for any task, that will also be a type of liability.<\/span><\/p><p><span style=\"font-weight: 400;\">Your accountant should list all of your payments, expenses, taxes, and other liabilities in the accounting software so that you can pay all liabilities on time and don\u2019t miss any of them. Keep all these under the accounts payable account so you don\u2019t lose track.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fabf5ac elementor-widget elementor-widget-heading\" data-id=\"fabf5ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> 3.  \tEquity Account<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-582f123 elementor-widget elementor-widget-text-editor\" data-id=\"582f123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Owner\u2019s equity or equity means the money or value created or invested in the business. You can develop equity in different ways in a business such as from invested capital in the business or the money that the owners invest, or from any previous year\u2019s retained earnings. You can invest a large amount of money in your business or you can be a sole proprietor who has collected a large sum of money to begin the business. In both cases, you will keep the owner\u2019s equity in your business\u2019s equity account or general ledger.<\/span><\/p><p><span style=\"font-weight: 400;\">In the case of small business accounting, you need to prepare the equity account in the very beginning. Because then you will be able to track your business\u2019s financial state or statement using the equity account and measure the equity revenue. It will let you plan for the coming year by applying the retained earnings.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49fdbb3 elementor-widget elementor-widget-heading\" data-id=\"49fdbb3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4.  \tIncome<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-800f204 elementor-widget elementor-widget-text-editor\" data-id=\"800f204\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You keep track of your business\u2019s revenue sources in this account. It is quite vital for a small business because many small businesses don\u2019t keep track of their cash flows properly. A small business can earn from different sources in its initial stage, if you keep track of those sources separately, there won\u2019t be any chance of losing any of them. The number of sub-accounts in your income account depends on how much detailed you want your report to be.<\/span><\/p><p><span style=\"font-weight: 400;\">The best thing will be to ask your accountant to keep all the accounts in a method called accrual accounting. Then you\u2019ll get all your business revenues in the same place. If your income sources are numerous, you can maintain different bank accounts for different incomes. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44135df elementor-widget elementor-widget-heading\" data-id=\"44135df\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5.  \tExpenses<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-854650e elementor-widget elementor-widget-text-editor\" data-id=\"854650e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The expenses account keeps track of products or services on which you spend money that doesn\u2019t have resale value. If any item has resale value, that is included in the assets account. Different countries have different rules for keeping accounts of expenses, so you can talk to your accountant about it so that you don\u2019t have any problem regarding expenses account in the year-ending.<\/span><\/p><p><span style=\"font-weight: 400;\">You will get quite a privilege if you maintain different bank accounts for different expenses. You can make charts of different expenses such as office supplies, sales taxes, general taxes, assets and liabilities, employee salaries, and miscellaneous expenses. Classify your different expenses so that you don\u2019t lose any expenses.<\/span><\/p><p><span style=\"font-weight: 400;\">You will get privileges if you use the accrual accounting method for keeping expense accounts like income accounts.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5a18fa elementor-widget elementor-widget-heading\" data-id=\"d5a18fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\n 6.  \tBank Accounts<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea19526 elementor-widget elementor-widget-text-editor\" data-id=\"ea19526\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Link this account to the bank to which you have linked your business. You must connect cash accounts, credit card accounts, and check accounts to this account. If you can connect all your accounts to the bank account, all your accounts will be saved in a secure place.<\/span><\/p><p><span style=\"font-weight: 400;\">You can have different accounts in the same bank, again, you can have accounts in different banks. You just need to ensure that your bank account has your business\u2019s name.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-369504b elementor-widget elementor-widget-heading\" data-id=\"369504b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">7.  \tCash Accounts<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68af7d3 elementor-widget elementor-widget-text-editor\" data-id=\"68af7d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Your business\u2019s all major cash flows are calculated with cash accounts. Expenses in your local currency, taxes, deposits, and standard incomes are under this account. You can use more than one cash account to manage your separate expenses. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-364d8d6 elementor-widget elementor-widget-heading\" data-id=\"364d8d6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">8.\tUndeposited Funds<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f522902 elementor-widget elementor-widget-text-editor\" data-id=\"f522902\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A long ago when there was no bank or mobile banking, businesses used to have monetary transactions through envelopes. Then people also took loans and all transactions were recorded with paper and pen. Now, everything has changed.<\/span><\/p><p><span style=\"font-weight: 400;\">All on-sided transactions and loans are now considered undeposited funds. Now, you can make all your transactions through banks or you can transfer money from one account to another account. Thus, you can send money to the right account through your business organization. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ada50c1 elementor-widget elementor-widget-heading\" data-id=\"ada50c1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">9.  \tCredit Cards<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-352ac45 elementor-widget elementor-widget-text-editor\" data-id=\"352ac45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You keep track of the credit cards related to your business through this account. Why will you lag when the whole world is heading toward cashless transactions? Your business\u2019s cash accounts will always be there, but it will be convenient for you if most of the transactions take place through credit cards. Because credit cards will help you keep track of all your expenses and payments.<\/span><\/p><p><span style=\"font-weight: 400;\">This account represents the accounting and financial payments that you make through credit cards. It is crucial for any small business because these businesses are generally prone to face financial problems.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4eda19 elementor-widget elementor-widget-heading\" data-id=\"a4eda19\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\n10.  Accounts Receivable\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b2bef5 elementor-widget elementor-widget-text-editor\" data-id=\"4b2bef5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you have started making sales but have not yet received cash from your customers, it is called accounts receivable. Your accountant's accounting system has a list of invoices that your business hasn't received yet.<\/span><\/p><p><span style=\"font-weight: 400;\">Your business needs to collect all the money from customers as soon as possible. If you have too many invoices owed, it can cause major financial problems for your company. So make sure that doesn't happen.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7ec8b6 elementor-widget elementor-widget-heading\" data-id=\"f7ec8b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">11.  Accounts Payable<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df5d032 elementor-widget elementor-widget-text-editor\" data-id=\"df5d032\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When you use an accounting system or software to keep track of everything, it starts keeping track of all the dues and then reminds you to pay on time. Accounts payable are expenses that you haven't paid yet.<\/span><\/p><p><span style=\"font-weight: 400;\">If you don't pay your dues, it can create problems for other types of accounts in small business accounting.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b76f58 elementor-widget elementor-widget-heading\" data-id=\"8b76f58\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\n12.  Foreign Exchange\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-438d223 elementor-widget elementor-widget-text-editor\" data-id=\"438d223\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If your business earns foreign currency by supplying goods outside your country, you will need a different bank account to account for that revenue. Keeping a foreign currency account is very important as you will be dealing in foreign cash. In terms of foreign invoices, you have to go through sales tax, export, and import tax, that is, local payment bills and foreign payments will be different from each other.<\/span><\/p><p><span style=\"font-weight: 400;\">You may need to create different types of accounts in small business accounting to deal with foreign issues. Make sure those accounts correspond to your foreign currency.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d130f08 elementor-widget elementor-widget-heading\" data-id=\"d130f08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">13.  Cost of Goods Sold<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35f1b5a elementor-widget elementor-widget-text-editor\" data-id=\"35f1b5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Whether you open multiple bank accounts for all the goods sold depends entirely on how many products you have sold in how many areas. To sell a product you have to go through three stages, the production stage, collection stage, and distribution stage. You should have a general account of everything that is happening at each stage.<\/span><\/p><p><span style=\"font-weight: 400;\">Also, keep in mind if you ship your products abroad.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-810a8bc elementor-widget elementor-widget-heading\" data-id=\"810a8bc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">14.  HSA or Health Spending Account<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47c22d6 elementor-widget elementor-widget-text-editor\" data-id=\"47c22d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">Being the sole owner of your own company will make you want to live a happy life after your retirement. And for that, you have to prepare from the initial stage. A health expense account is a tax plan that tries to solve all your tax problems and turns your medical expenses into business deductions. Health cost accounting is a modified version of insurance accounting.<\/p><p><span style=\"font-weight: 400;\">Using this account you can easily remove applicable taxes to secure your insurance plan. It is not wise to open this account a few months before your retirement. Try opening it beforehand to be properly prepared.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab35de8 elementor-widget elementor-widget-heading\" data-id=\"ab35de8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Final Words<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80ad0e7 elementor-widget elementor-widget-text-editor\" data-id=\"80ad0e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Hopefully, reading this article has given you a clear understanding of the different types of accounts in small business accounting. So keep all your small business accounts properly and help your business grow and become a successful businessperson yourself.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u0986\u09aa\u09a8\u09bf \u09af\u09a6\u09bf \u098f\u0995\u099f\u09bf \u099b\u09cb\u099f \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u09b0 \u09ae\u09be\u09b2\u09bf\u0995 \u09b9\u09df\u09c7 \u09a5\u09be\u0995\u09c7\u09a8, \u09a4\u09ac\u09c7 \u0986\u09aa\u09a8\u09bf \u09a8\u09bf\u09b6\u09cd\u099a\u09df\u0987 \u0995\u09cb\u09a8 \u098f\u0995\u099f\u09bf \u09b8\u09ae\u09df\u09c7 \u0986\u09aa\u09a8\u09be\u09b0 \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u099f\u09bf\u0995\u09c7 \u09ac\u09be\u09dc\u09be\u09a4\u09c7 \u099a\u09be\u0987\u09ac\u09c7\u09a8\u0964 \u0986\u09b0 \u0986\u09aa\u09a8\u09be\u09b0 \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u099f\u09bf\u0995\u09c7 \u09ac\u09be\u09dc\u09be\u09a8\u09cb\u09b0 \u099c\u09a8\u09cd\u09af \u0986\u09aa\u09a8\u09be\u0995\u09c7 \u0986\u09aa\u09a8\u09be\u09b0 \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u09b0 \u0986\u09b0\u09cd\u09a5\u09bf\u0995 \u0985\u09ac\u09b8\u09cd\u09a5\u09be \u09b8\u09ae\u09cd\u09aa\u09b0\u09cd\u0995\u09c7 \u098f\u0995\u099f\u09bf \u09ad\u09be\u09b2\u09cb \u09a7\u09be\u09b0\u09a3\u09be \u09b0\u09be\u0996\u09a4\u09c7 \u09b9\u09ac\u09c7\u0964 \u098f\u099c\u09a8\u09cd\u09af \u0986\u09aa\u09a8\u09be\u0995\u09c7 \u09ac\u09bf\u09ad\u09bf\u09a8\u09cd\u09a8 \u0986\u09b0\u09cd\u09a5\u09bf\u0995 \u09ac\u09bf\u09ac\u09c3\u09a4\u09bf\u0993 \u09a4\u09c8\u09b0\u09c0 \u0995\u09b0\u09a4\u09c7 \u09b9\u09ac\u09c7\u0964 \u098f\u099b\u09be\u09dc\u09be\u0993 \u098f\u0995\u099c\u09a8 \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u09df\u09c0 \u09b9\u09bf\u09b8\u09c7\u09ac\u09c7 \u0986\u09aa\u09a8\u09be\u09b0 \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u09b0 \u09ac\u09bf\u09ad\u09bf\u09a8\u09cd\u09a8 \u09b2\u09c7\u09a8\u09a6\u09c7\u09a8\u09c7\u09b0 \u0996\u09cb\u0981\u099c \u09b0\u09be\u0996\u09be\u099f\u09be \u0986\u09aa\u09a8\u09be\u09b0 \u0995\u09b0\u09cd\u09a4\u09ac\u09cd\u09af\u0964\u00a0\u0986\u09aa\u09a8\u09bf \u09ac\u09cd\u09af\u09ac\u09b8\u09be [&hellip;]<\/p>","protected":false},"author":3,"featured_media":2885,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u09e8\u09e6\u09e8\u09e9 \u09b8\u09be\u09b2\u09c7 \u09ac\u09be\u0982\u09b2\u09be\u09a6\u09c7\u09b6\u09c7 \u099b\u09cb\u099f \u09ac\u09cd\u09af\u09ac\u09b8\u09be\u09b0 \u09b9\u09bf\u09b8\u09be\u09ac\u09b0\u0995\u09cd\u09b7\u09a3\u09c7 \u09ac\u09bf\u09ad\u09bf\u09a8\u09cd\u09a8 \u09a7\u09b0\u09a8\u09c7\u09b0 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