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Accounting 101 For Small Business Owners

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Tip: While most major banks connect seamlessly with most major accounting software products, you may want to double-check that this is the case if you’re banking with a smaller institution like a local credit union. In every journal entry, one or more accounts are debited, and one or more accounts are credited.

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Welcome To The Small Business Guide To Bookkeeping

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Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. Accounts receivable refers to the money owed to a business by its customers for goods or services provided on credit. What Is Bookkeeping?