Uses of Record Keeping and Accounting – Infographic

Uses of Record Keeping and Accounting – Infographic

Many businesses give credit to effective bookkeeping (documentation of financial transactions and operations, receipts, etc.) and accounting (analysis and summary of bookkeeping financial data) for their smooth business operations. While others may be successful, some still use the two terms interchangeably, resulting in mismanagement of business funds and accounts. For this reason, businesses who happen …

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