Transcription of ACCOUNTING 101 - AccountEdge Knowledge Base
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ACCOUNTING 101 - AccountEdge Knowledge Base
ACCOUNTING 101 BROUGHT TO YOU BY The makers of AccountEdge Written by: Todd Salkovitz Product Evangelist This document was written with the best intentions of describing the daily ACCOUNTING functions that most small business owners grapple with. The ACCOUNTING processes, terminology and theory described here relates to our own experiences here in the USA, and may not translate exactly to your own local, regional, or national customs, laws, or practices. Our goal is present a basic overview, so any discrepancies for localization are purely accidental. 2 Like all small business owners, you went into business with a dream: to sell your unique product or services and make a good living for you, your family, your employees and your partners.
transactions, the fact is, they are all accounting transactions: taking orders, buying stock, selling parts, buying computers, making deposits, writing paychecks, remitting payroll taxes, paying yourself, and more. In the average day, you probably do …
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