Do small businesses really need to do all this work to keep track of their income? Cant

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Do small businesses really need to do all this work to keep track of their income? Cant they just add and subtract from their bank account? why or why not?

Related Book For answer-question

South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Posted Date: Feb 17, 2024 12:14 AM

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Do small businesses really need to do all this work to keep track of their income? Cant

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Expert Answer:

While it might seem convenient for small businesses to solely rely on their bank account for tracking income this approach is not advisable for severa... View the full answer

South-Western Federal Taxation 2020 Comprehensive

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