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Top Online Bookkeeping and Accounting Services for 2021

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Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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How to Set Up Accounting for a New Business: A Full Guide

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We will take you through the essentials of setting up your accounting for a new business. Separate personal and business finances. This means separating your business and personal finances. In fact, it is a legal requirement of LLCs and corporations to manage their business incomes in separate bank accounts.

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Getting Paid 101: Accounts Payable and Accounts Receivable

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Second, you can sell your accounts receivables to a lender when you need cash urgently and can’t wait for customers to pay their debts. This method is called invoice financing or accounts receivable financing. . While a finance company (e.g., How to Record Accounts Payable in Accounting.