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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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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.