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5 Best Accounting Books for Small Business Owners
After all, if you don't know how much you're making or where that money is going, you'll have a hard time finding ways to expand your profitability. This is particularly true once the business accounts for its operational costs and recurring expenses. To prepare the system for the next accounting, temporary accounts that are measure periodically, including the income, expense and withdrawal accounts, are closed. The balance sheet accounts also called the permanent accounts, remain open for the next...
