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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Its purpose is to ensure that financial statements provide an accurate and transparent view of the company’s financial condition and operations. The primary purposes of GAAP are to ensure consistency, transparency, comparability, and accuracy in preparing financial statements.

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The Playbook for SaaS to Convert from Cash to Accrual

inDinero Accounting

You’re making the switch to improve your board meetings with investors, get through an annual financial statement audit, complete your series A financing, or for an IPO. double-entry) and expense is of value to your future success? Why recurring revenue needs double-entry bookkeeping.

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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. Next, you’ll take some basic steps to set up your bookkeeping process and ensure that all your business finances are accurately reflected in your books and available for analysis. Choose your bookkeeping method.