--- title: Accounting & Personal Finance Basics description: Our comprehensive list of accounting & personal finance basics. On this page you'll find several resources to help you get better at accounting and finance. --- [**Call us at   1-855-694-4648           ** ](tel:1-855-694-4648) [![squareyoutube_copy](https://www.ignitespot.com/hubfs/2021_IgniteSpot/YOUTUBE.png "youtube")](https://www.youtube.com/channel/UCimfeJCvdyYVasnJCdMQhsw) [![facebook](https://www.ignitespot.com/hubfs/2021_IgniteSpot/FACEBOOK.png "facebook")](https://www.facebook.com/ignitespot/) [![IgniteSpot_logo](https://www.ignitespot.com/hs-fs/hubfs/2021_IgniteSpot/IgniteSpot_logo.png?width=187&height=72&name=IgniteSpot_logo.png "IgniteSpot_logo")](https://ignitespot.com) [![IgniteSpot Logo](https://www.ignitespot.com/hs-fs/hubfs/2021_IgniteSpot/IgniteSpot_logo.png?width=187&height=72&name=IgniteSpot_logo.png) ](https://www.ignitespot.com/) Menu ☰ # Accounting & Personal Finance Basics Written by [Eddy Hood](https://www.ignitespot.com/eddy-hood) Accounting plays an important role in many different aspects of life, from private endeavors, to the public sector. Much of the information used in personal finance involves accounting and it is important for all people, not just accountants or business owners, to have a basic understanding of accounting. This includes valuation methods as well as common terminology used within the accounting field. In addition to using accounting basics in your personal life, it can help people have a better understanding of how businesses handle their finances. Having a better understanding of how businesses make a profit allows you to make [smarter choices](https://www.ignitespot.com/outsourced-financial-reporting) regarding investments, and other financial decisions. To learn about some of the basics of accounting and personal finance, consult the resources listed below. ## **The Basics of Accounting** Click the links below for these resources ## **Small Business Accounting** Click the links below for these resources 1. [Small Business Accounting Tips](https://smallbusiness.chron.com/small-business-accounting-tips-3854.html) 2. [Basic Bookkeeping Tips For Your Business](https://www.allbusiness.com/basic-bookkeeping-tips-997-1.html) 3. [Bookkeeping Basics For Small Business](https://www.entrepreneur.com/article/219517) 4. [Bookkeeping Services](https://www.ignitespot.com/online-bookkeeping-services) 5. [Basic Terms and Concepts - Small Business Accounting](https://businesstown.com/) 6. [How to Help Your Accountant](http://sbdc.boisestate.edu/how-to-help-your-accountant/) ## **Becoming an Accountant** Click the links below for these resources ## **Personal Finance and Accounting** Click the links below for these resources 1. [8 Experts Recall Their Best Personal Finance Advice](https://www.bankrate.com/finance/personal-finance/8-experts-recall-their-best-personal-finance-advice-1.aspx) 2. [Personal Finance - What Do You Want to Learn?](https://personalfinance.byu.edu/) 3. [Personal Finance and Budgeting](https://www.thebalance.com/budgeting-4074043) 4. [Money Management Tips](https://www.canr.msu.edu/mimoneyhealth/) 5. [Practical Money Skills - Personal Finance](http://www.practicalmoneyskills.com/personalfinance/) 6. [Steps to Financial Confidence](https://www.letsmakeaplan.org/other-resources/financial-confidence) ## **Accounting and Finances for Kids** Click the links below for these resources 1. [Things Kids Need to Know to Live Financially Smart Lives](http://moneyasyougrow.org/) 2. [Teaching Kids About Money](https://www.familyeducation.com/kids/money-kids) 3. [Finance in the Classroom Activities](https://financeintheclassroom.org/student/activities.shtml) 4. [Teaching Kids About Money - An Age by Age Guide](https://www.parents.com/parenting/money/family-finances/teaching-kids-about-money-an-age-by-age-guide/) 5. [Biz Kids Personal Finances](http://bizkids.com/themes/personal-finances) ##### Accounting Services - [CFO Services for Small Business](https://www.ignitespot.com/cfo-services) - [Virtual Bookkeeping Services](https://www.ignitespot.com/online-bookkeeping-services) - [Accounts Receivable Outsourcing](https://www.ignitespot.com/accounts-receivable-management) - [Bookkeeping Services for Small Business Near Me](https://www.ignitespot.com/accounting-services-for-small-business) - [Small Business Tax Help](https://www.ignitespot.com/small-business-tax-preparation) - [Bank Reconciliation Accounting](https://www.ignitespot.com/bank-reconciliation) - [Sales Tax Preparer](https://www.ignitespot.com/sales-tax-filing-for-businesses) - [Accounts Payable Outsourcing Companies](https://www.ignitespot.com/accounts-payable-outsourcing) - [Reconcile Credit Card](https://www.ignitespot.com/credit-card-reconciliation-for-businesses) ##### Small Business Resources - [Trial Balance Sheet](https://www.ignitespot.com/what-is-a-trial-balance) - [Credit Memo](https://www.ignitespot.com/what-is-a-credit-memo) - [Self Employed FICA](https://www.ignitespot.com/self-employment-and-fica) - [Payroll for Business Owners](https://www.ignitespot.com/know-your-small-business-payroll-options) - [What Does it Mean to Have Equity](https://www.ignitespot.com/what-does-equity-mean) - [Fixed Assets Definition](https://www.ignitespot.com/defining-and-accounting-fixed-assets) - [Basic Business Budget](https://www.ignitespot.com/how-to-create-and-stick-to-small-business-budget) - [How to Calculate Unemployment Tax](https://www.ignitespot.com/what-is-federal-unemployment-tax-act-futa) - [What Does Bad Debt Write Off Mean](https://www.ignitespot.com/how-to-write-off-bad-debt) - [Accounting Programs for Small Business](https://www.ignitespot.com/accounting-bookkeeping-software-for-mac) ##### Top Pages - [Easy Way to Get Business Loan](https://www.ignitespot.com/how-hard-to-get-small-business-loan) - [Basic Accounting Software for Self Employed](https://www.ignitespot.com/building-home-business-accounting-software) - [Bookkeeping Experience](https://www.ignitespot.com/what-is-bookkeeping) - [Best Payroll Company for Small Business](https://www.ignitespot.com/benefits-of-online-payroll-services-for-small-businesses) - [Small Business Accounting Software](https://www.ignitespot.com/best-online-software-small-businesses/financial-software) - [How Much Do You Need to Start Your Own Business](https://www.ignitespot.com/how-much-capital-needed-to-start-small-business) - [Business Expenses](https://www.ignitespot.com/common-and-cummulative-small-business-expenses) - [Self Employment Tax](https://www.ignitespot.com/self-employment-tax-deductions) - [AR Account Receivable](https://www.ignitespot.com/what-are-accounts-receivable) --- ### Explore ### Latest Posts ### Contact Us **Phone:** [855-694-4648](tel:8556944648) **Hours:** 9 AM - 5 PM MST Monday - Friday **Location:** Ignite Spot Outsourced Accounting [2943 Parkway Blvd. PMB 49 Salt Lake City, UT 84119 United States](https://goo.gl/maps/B5MbZapPP2v74NWS7) ### Our Certifications - 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