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Steps to Clean Up Accounting Records: A Checklist

xendoo

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . When and Why You Need to Clean Up Your Books. There are many reasons to have clean accounting books each month. Warning Signs That You Need to Clean Up Your Books.

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Get the Lowdown on Different Types of Equity for Your Small Business

Patriot Software

There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking equity, you must learn about the different types of equity that can apply to your company.

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Account Reconciliation for Small Business Owners

Patriot Software

When you run a small business, one error in your accounting books can result in inaccurate financial statements, poor cash flow management, and even an IRS audit. To make sure your records are accurate, familiarize yourself with account reconciliation. What is account reconciliation?

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

Record transactions in accounting books. But if you use a double entry method, all your transactions are made as journal entries that are subsequently summarized in a general ledger. All business accounts are recorded in your accounting books.

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Accounting Software for Accountants and Bookkeepers

Snyder

To help you even further, you can set up product mapping which will automatically sync the product names in sales channels with those in your accounting books, saving you the headache of tracking and correcting uncategorized or miscategorized products. Customer support. It ensures that your debits and credits are accurately recorded.