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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. What is accounting?

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Field Trip to the Metropolitan Museum of Art

Withum

Bookkeepers Lead the World Into the Modern Eras The first art object is a cuneiform clay tablet from ±3000 BCE (Gallery 202) with accounting information, which placed accounting at the beginning of recorded history. The Father of Accounting is recognized to be Fra Luca Pacioli, who incidentally was a friend of Leonardo da Vinci.