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A Secret Weapon For small business bookkeeping

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Below’s a sensible example: Every time a consumer pays their $one,000 Bill, in double-entry bookkeeping you’d document a debit on your bank account (raising your belongings) along with a credit history to accounts receivable (lessening what buyers owe you). This two-sided entry helps prevent problems and provides a clearer audit https://danielg890usn5.wikiadvocate.com/user

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