Book keeping requirements

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Book keeping for small businesses

The keeping of financial records will aid a business to monitor its own performance, but it is also a legal necessity . The maintaining of sets of books or records enables the owner/partner/directors to establish at any given time the state of profitability of the company. It allows the monitoring of actual sales (as against targeted sales), of the amount of money owed to the business, and of the amount of money owing by the business. ...

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