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Bookkeeping is often confused with accounting, which is actually quite different. Bookkeeping is a necessary component of accounting and important to every business and even to most individuals, regardless of their incomes and expenses.By itself, bookkeeping does not create accounting and/or financ
Bookkeeping is the process of record keeping, which is different from accounting. Learn the difference between the two and which essentials are needed for proper bookkeeping.
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Basic church bookkeeping is fairly simple compared to bookkeeping for a business. A business created for profit must produce a balance sheet and a profit and loss statement periodically. This requires using double-entry bookkeeping, where every transaction must be recorded twice, as a debit to one a
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Here is an explanation of bookkeeping and accounting for small businesses, and why it is important to understand both in order for you to run your business. When you first start a small business, you will hear the terms bookkeeping and accounting used almost interchangeably. There is a difference in
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