As explained by NerdWallet in their article, “Bookkeeping 101: Bookkeeping Basics for Small Businesses,”, effective bookkeeping is essential for small business success, as it impacts financial management, cash flow, and growth potential.
What Is Bookkeeping?
Bookkeeping involves recording and organizing financial transactions, including:
- Data entry and transaction categorization
- Managing accounts receivable and payable
- Running payroll and financial reporting
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Article with all rights reserved, courtesy of NerdWallet — https://www.nerdwallet.com