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Nov 29, 2023

In an research conducted by a U.S. bank the study found that around 82% of companies fail due to failure being a poor handling of the flow of cash. Proper accounting practices are essential for any small business owner to effectively manage their financials and set their business up for success.

Small business accounting includes the use of financial methods to monitor as well as manage the business's finances including inventory and cash flow tracking. Check out this post for an overview of the most fundamental accounting procedures entrepreneurs in small businesses need to know.