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To Close The Books

How To Close The Books For an Accounting Period?

As a business owner, you must understand that record-keeping of revenues, expenditures, and net profits is crucial for your company’s optimal financial health. In other words, maintaining the books is an important responsibility of an accountant or a business owner. You must close the books periodically, which in simpler terms refers to balancing the income…

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wordpress-payment-gateways

7 Best Free WordPress Payment Gateways

If there is one technology that has flourished on a huge scale in the last couple of years and has redefined the e-commerce industry, it is definitely the rise of online payments. From UPI payments to internet banking, the birth of online transaction methods has undoubtedly made things easier. But have you ever wondered what…

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Invoice Financing

What is Invoice Financing, and How Does it Work?

  Delayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue,…

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duties of an accountant

What are the duties of an accountant?

The duties of an accountant revolve around financial record keeping, decision making, and other aspects that can ensure that the company thrives well in the market. An accountant must prepare and analyze the financial records of a company while managing data that can be analyzed and used for consultation. The accountant is to ensure that…

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Tax Deductions For Small Businesses

12 Tax Deductions For Small Businesses

If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, it is essential for business owners to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate…

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Profit and Loss

What is a Profit and Loss Report?

Businesses operate to make profits while minimizing expenditure. To do so, companies need to document their expenses and income. A company can do this in various ways. One of the most effective ways that one can resort to doing so is by creating a financial statement. A financial statement provides information that can help assess…

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