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Using double-entry accounting can provide a complete picture of your business's finance at any given moment.
While some companies use the same ledger to track all of their expenses and profits, others use a method – double-entry accounting – that provides a more holistic view of their finances. Double-entry accounting looks at more than just what is coming in and what is going out; it looks at the different areas that money is coming in and out of.
Original Article Source Credits: Business.com
Article Written By: Max Freedman
Original Article Posted on: Jan 20, 2021
Link to Original Article: https://www.business.com/articles/double-entry-accounting/
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