Whether you're a business owner, an aspiring accountant, or simply curious about the frameworks guiding financial reporting, understanding GAAP is essential. These principles form the bedrock of financial transparency and consistency across industries, ensuring that financial statements are uniform and comparable.

As an Accountant at Hasenbank Accounting Services, Krystal handles daily bookkeeping, reconciles bank accounts, and prepares financial statements for our clients.

From setting up an accounting system and managing income and expenses to payroll and tax planning, this article covers various aspects of accounting that are essential for small MSPs.