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Best Real Estate Accounting Tips for Agents and Brokers

xendoo

Cash basis accounting is often preferred by small businesses because it’s easier to maintain, and it tells you how much money you actually have in the bank on any given day. Accrual accounting also allows you to better your long-term plan, which is helpful if you are thinking about expanding your business.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics. Income statement.