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What are the Five Types of Financial Statements

Financial statements are the documents compiled by United States business entities to outline each entity’s financial position, activities, and overall information. A financial statement is ...
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Chart of Accounts

The chart of accounts is a numbered list of all accounts used to record and summarize business trans...
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11 Ways to Revamp Your Accounting System

The design determines whether your software works with you or stands in your way. Poorly designed so...
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Exploring Debits and Credits

Introduction Accountants use debits and credits to record each business transaction and generate fin...
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Innovation with Cloud-based Accounting Software

What is accounting? Believe it or not, the answer—and the perception of what accounting can be withi...
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SALES ORDER VS. PURCHASE ORDER AND WHY YOU NEED BOTH

Professionally managed companies use accounting systems with sales orders and purchase orders. Sales...
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The Biggest Trends in Invoicing Software Programs for 2019

A significant portion of small businesses struggle to stay on top of their financial and reporting r...
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