Category: Accounting

Accounting 101

Every small business must maintain accurate records of its income, expenses, receipts, invoices, and bank statements. Maintaining accurate records enables you to monitor the financial performance of your company, spot trends, and come to wise judgments. Here is an overview of basic accounting principles. Assets: Your company’s possessions that have value are referred to as …

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Accounting Basics for Small Business

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Small-business accounting is an array of financial procedures for calculating, handling, and communicating a company’s financial information. Payroll, taxes, management, purchases, and inventory are a few of these tasks. Develop a bookkeeping system Every business has to decide how to handle the bookkeeping. The choices are hiring someone to do it for you or learning …

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