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Best Online Bookkeeping Software for Small Business

xendoo

Bookkeepers handle a wide range of duties, including recording financial transactions, maintaining accurate records, and balancing the books of a business. Bookkeepers can manage accounts receivable and accounts payable for small businesses – they can create and send invoices, accept payments, and so much more.

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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

When the client pays, you transfer the $2,000 from AR to the cash account. Transactions recorded in AR add to your sales revenue but not to your cash flow statement. Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue.

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