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Accounting Basics for Small Business Owners [By a CPA]

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Their financial mismanagement may result in their failure to make decisions to grow their business, meet financial obligations like paying employees or their rent, miss tax deductions that can save them money, or fail to pay their taxes all together. However, eventually, you will be faced with the reality of accounting.

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What Type of Accountant Does Your eCommerce Business Need?

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Cash Basis Accounting. Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts.

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