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Advantages in Bookkeeping
Bookkeeping is the process of keeping accurate records of company spending and revenue. Some small business owners decide to do their own bookkeeping to save …
Are Accounts Payable an Expense?
Strictly defined, the business term “accounts payable” refers to a liability, where a company owes money to one or more creditors. Some people mistakenly believe …
How to Interpret Financial Statements
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, …
What Is Accounts Payable?
When a company purchases goods and services from a supplier or creditor on credit that needs to be paid back in a short period of …
Everything You Need to Know About Financial Statements
Financial statements are the report card of a business. Whether you are a new investor, a small business owner, an executive, or just trying to keep track of …