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How can a single or multi-step income statement benefit your business? 10 Min
The income statement, or profit and loss (P&L) statement, tells you whether your company is profitable or losing money. Learn how to…
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Accrual accounting: How it works, advantages, and disadvantages 5 Min
In accrual accounting, you record income when you complete a service or when goods are shipped and delivered. Learn how accrual accounting…
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Why you need to do a bank reconciliation every month 6 Min
The bank reconciliation process is similar to balancing your checkbook: It reveals any erroneous or missing entries. The bank…
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How to organize your chart of accounts 5 Min
As your business grows, so will your need for accurate & organized reporting. Learn how to keep your chart of accounts clean & organized to…
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How to Transition from Spreadsheets to Accounting Software 3 Min
Spreadsheets inevitably become cumbersome when managing a growing business. Learn how to make the transition from spreadsheets to…
accounting
