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- Examples of bookkeeping for a small business include12:
- Accounts Payable: Track bills for rent, utilities, and invoices from vendors.
- Accounts Receivable: Manage money owed to your business.
- Reconciliation: Compare business records with financial transactions.
- Cash Account: Record sales and expenses.
- Inventory: Keep track of stock.
- Loans Payable: Monitor loan payments.
- Owner’s Equity: Track investments and withdrawals.
- Purchases: Record expenses related to buying goods.
- Payroll Expenses: Manage employee salaries and benefits.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.What are examples of bookkeeping for a small business?
www.milestone.inc/blog/examples-of-bookkeeping …10 Easy Examples of Bookkeeping for Small Businesses
- 1. Accounts Payable We get it, it always hurts a little inside when you have to spend money in your business. ...
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