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Accounting and bookkeeping in business.
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[QUOTE="Richee84, post: 254206, member: 42448"] As a business owner or entrepreneurs it is very important we have the knowledge of financial accounting or book keeping. Most of the business now today don't keep proper record of their business transactions which is not good for the health and growth of the business. There is lot of advantages attached to having little knowledge in finance or book keeping as an entrepreneur or business owner, when an entrepreneur is well equipped or have enough knowledge in book keeping, it will be a little easy for him or her to monitor the cash in flow and out flow of cash in the business. If money is not properly managed or monitored there is tendency for the business to have financial crisis that can lead to the collapse of the business. A good book keeping for business also help to have a good record for tax purposes. It will be easy for the tax expert to calculate the tax due for the business in the current year. A good book keeping for business can also help a business to get tax exemption when the business is facing crises or challenges that make it difficult to pay his tax due to low sale and low or no profit. [/QUOTE]
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Accounting and bookkeeping in business.
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