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When you embark on your new business there are several crucial areas of financial management that should be built into your overall business plans and your day to day operations. In this paper, the author takes a look at a few of these areas which will hopefully make your business stronger financially and more competitive. Monthly Bookkeeping-Many new business men and women cringe when you mention bookkeeping. However, if you keep records on a monthly basis by using a spreadsheet or an accounting package, this will allow you to have much better control over your business.
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