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What are the peculiarities of bookkeeping for small businesses? Double-entrybookkeeping, transaction recording, reconciliation, getting invoices paid and bills covered – the entire process is centered around making sure that your bank account is in balance with your books records. You record transactions in your books.
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Go through business bookkeeping basics. Get to know small business tax obligations and procedures. In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making.
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