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GAAP (Generally Accepted Accounting Principles) are a set of general accounting principles and guidelines that…
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Accrual basis and cash basis accounting are the two basic accounting methods used by businesses.…
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Hiring an accounting staff is a multi-step procedure that takes time and effort. However, before…
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What is inventory accounting, how does it work, and what are the different types commonly…
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Despite the fact that the phrases bookkeeping vs accounting are commonly used interchangeably, they are…
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What is cloud inventory management system and how can it benefit you in managing your…
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Invoice vs receipt, what are the key differences between those two documents? When and how…
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What is inventory turnover ratio, what is its appropriate rate, how to calculate it and…
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What is the accounting equation, and how does it work? Let’s take a closer look…
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Sending invoices to consumers is one of the most significant ways for businesses to make…
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Double entry bookkeeping is one method for keeping track of your finances. Continue reading to…
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As a small business, it’s important to pay attention in the bookkeeping process. How can…
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