Accounting for small businesses is an important function that should not get overlooked. The accounting function encompasses three broad categories of necessary tasks: Recording the financial transactions ie: Bookkeeping. Classifying these transactions: Current Assets...
Do you know the importance of keeping good business financial records? The first one that might come to mind is to make the annual income tax reporting process go as smooth as possible. That is certainly a very good reason to keep the company bookkeeping records...