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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The objectives of GAAP include providing guidelines for timing considerations related to recording transactions; applying accounting standards consistently across different industries; establishing disclosure requirements for external audits; and ensuring that entities accurately record all assets and liabilities on their balance sheets.

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Accounting Basics for Small Business: A Simple Guide

Snyder

Depending on your business structure, a separate business bank account can be either legally required or not obligatory. This way, your personal and business records won’t mix up, and it’ll be much easier for you to prepare for the tax season, secure a loan or a credit line, and talk to investors. Let’s break them down.