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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

JANUARY 3, 2023

Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. Bookkeeping vs. Accounting. To make the distinction even clearer, let’s use an example of a restaurant.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

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