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The first in a series of Accounting 101 articles that demystifies accounting and
accounting software. |
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Understand the terms cost of goods sold, margin and markup and how to calculate them.
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Accounting software is a great improvement over manual methods as long as it’s set
up correctly. Take five steps to set up your accounting software. |
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Understand the importance of the reconciliation process, for your accounts that
is, and what to look for in a reconciliation report. |
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Petty cash is one of those methods of accounting that virtually every small business
owner uses, but one that is difficult to keep track correctly.
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Dreading tax season? Try these five ways to make it easier on you and your tax accountant. |
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Get the fundamentals right. Understand the concept of cash versus accrual basis
accounting and learn some advantages of accrual basis accounting. |
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Job costing is the process of tracking the expenses incurred on a job against the
revenue for that job.
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