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Best Online Bookkeeping Software for Small Business

xendoo

MARCH 26, 2021

Bookkeepers can track and manage inventory, provide payroll services, and even track time. The key financial statements that they prepare can help prepare you for tax time, and their assistance in translating the reports into layman’s terms can help you make smart business decisions. What does bookkeeping software do?

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bookkeeping software bookkeeping NetSuite quickbooks 52
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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

JUNE 11, 2022

The actual entries you record in your general ledger differ from business to business. The $1,000 is accounts payable, and you record it in your general ledger by crediting $1,000 on the supplier’s X account. Accounts receivable is an asset account on the general ledger and balance sheet.

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