Oh the joys of small business accounting.  It’s the backbone of all successful small businesses and yet it’s the one task that most small business owners dread.  Unless, of course, you run an accounting firm and then I’m thinking you probably (hopefully!) like what you’re doing.  But even if you have an accountant doing your taxes and bookkeeping for you, you need to understand that there are two types of accounting and which method you use can have a pretty significant impact on your business financials.