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As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...

TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...

This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...

WHY ARE YOUR BOOKS A MESS? Every small business owner has the best intentions from the beginning, but heavy responsibilities and busy...

Using online accounting software to ensure the accuracy of data.

On the balance sheet, accounts payable is a liability account. Liability is divided into short-term liability and long-term liability.

While single-entry accounting is quick and easy to use, the standard method for recording transactions is double-entry. Double-entry...