
What Are Good Bookkeeping Practices For A Small Business?
Posted on: August 26, 2021
Good bookkeeping practices include maintaining accurate ledgers, paying suppliers on time, and not taking shortcuts in order to keep the books balanced. With accurate ledgers, the accountants are able to easily track the debits and credits and to make necessary changes immediately. Another common practice is to avoid any human error while computing taxes and other transactions since errors in human calculation can lead to penalties or at times even to prosecution. This is why…
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