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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

JANUARY 3, 2023

More so even than owners of large companies since they can’t usually delegate all that work to business accounting professionals simply due to the costs. That’s why understanding the essential principles and terms in accounting is so important for them. What is accounting? Record transactions in accounting books.

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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

NOVEMBER 23, 2022

Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money. You debit the $12,500 to AR and credit the same amount to your sales account. This is known as balancing your accounts/books.

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Accountant Advocate

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Accounts Receivable (AR) Automation: The Solution To The Collection Problem

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