Cash vs. Accrual: Do you know which accounting method is right for your business?
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There are two methods for keeping track of your business income and expenses, and all small businesses must make a choice between the two: cash or accrual. Knowing the difference between the two determines how your business records income and expenses. Continue reading
Should You Hire a Bookkeeper?
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It is required by law for businesses, whatever the size, to keep a record of financial transactions of the business. Keeping good and accurate records will not only support items on your tax return, but will also help you keep track of expenses and prepare financial statements and tax returns. Keeping good financial records will help you monitor the progress of your business on a regular basis and increase the likelihood of business success. Continue reading