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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

If you use accrual accounting, you record transactions as soon as you earn the money. This requires crunching more numbers than cash accounting, but it gives you a better perspective on your income. IRS rules make accrual accounting mandatory for some businesses. What Is Accounts Receivable Automation?

Account 52
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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

It’s mostly based on accurately recording all the financial transactions in your books, hence bookkeeping. You can think of it as the general financial administration of your business. What is accounting? Basic terms for small business accounting and bookkeeping. Balance sheet statement.