Cash: Money that your business has on hand.Some of the most common accounts include: For example, the $500 check adds to your business's cash, so it would be labeled 4/20/15, Cash. Accounts are ways to think of how your money is being spent or earned.

This is where the vocabulary of accounting is especially handy. This article has been viewed 588,576 times.Д¬ategorize the 'account' of the transaction. This article received 22 testimonials and 93% of readers who voted found it helpful, earning it our reader-approved status.

WikiHow marks an article as reader-approved once it receives enough positive feedback. There are 9 references cited in this article, which can be found at the bottom of the page. Mack Robinson College of Business and an MBA from Mercer University - Stetson School of Business and Economics. She holds a BS in Accounting from Georgia State University - J. Keila spent over a decade in the government and private sector before founding Little Fish Accounting. With over 15 years of experience in accounting, Keila specializes in advising freelancers, solopreneurs, and small businesses in reaching their financial goals through tax preparation, financial accounting, bookkeeping, small business tax, financial advisory, and personal tax planning services. Keila Hill-Trawick is a Certified Public Accountant (CPA) and owner at Little Fish Accounting, a CPA firm for small businesses in Washington, District of Columbia. This article was co-authored by Keila Hill-Trawick, CPA.

How to do a ledger