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QuickBooks Ledger: Welcome to the Family! We’re Glad You’re Here.

Nancy McClelland, LLC

There’s no double-entry bookkeeping, no debits and credits, no Balance Sheet, and far too many potential lurking mysteries to be uncovered only after all the manual data entry is already complete. I did this for both of my grandmothers back in the day, using my accountant’s copy of QuickBooks Desktop.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

However, for small businesses, the cash based method of accounting is more commonly used as it’s more straightforward and simpler to execute. Single-entry bookkeeping vs. double-entry bookkeeping. The single-entry method suggests entering each transaction only once. Paper accounting.