Even Small Businesses Need A Bookkeeper

Bookkeeping is for someone who is knowledgeable when it comes to accounting. You have to know what to keep track in terms of financial transactions and how to keep track of them. Bookkeeping is essential when it comes to finding out if your business is profitable and especially for tax filing purposes. Tax filing can be in cash or it can also be in accrual. It is the option of the business owner to choose the option he or she wants. Cash will enable you to see the actual money that is paid out during one accounting period. Accrual, on the other hand, includes even the accounts receivables so it does not actually show the money on hand of the business.

Provided by: SooperArticles Topic: Banking Date Added: Aug 2010 Format: PDF

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