A Basic Small Business Bookkeeping System
by Mike Brassil

The first step in responsible financial management is to set up your own basic bookkeeping system. Choose a simple record-keeping system that is easy to understand. It should be simple to use, reliable, accurate, consistent and able to provide information on a timely basis. It will help you see how well the business is progressing. Maintain two updated sets and keep one off the premises.

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