Farmers and fishermen may chose to use the cash basis of accounting, while all other taxpayers have to use the accrual method of accounting.  The difference between the two methods boils down to how revenues and expenses are accounted for.  In the cash method, all revenues are recognized in the period they are received, and ...

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Just what is a bookkeeper supposed to do, anyway?  How do I determine if I have a good bookkeeper or not?  What qualities should I be looking for in a bookkeeper? At its most basic level, the job of bookkeeping consists of entering data into a computer, or recording transactions in a manual ledger system.  ...

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Many small businesses use accounting software such as Simply Accounting, QuickBooks, and other programs to do their bookkeeping. All too often these businesses do not use the programs’ most valuable and useful features – the automated financial reporting capabilities, the financial analysis capabilities and the ability to share data with other programs. A large number ...

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