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In an inquiry conducted by U.S. bank, the bank found that 82% of companies fail. Reasons for failure are inadequate handling of cash flows. The most efficient accounting methods and efficient are essential for small-scale business owners to effectively manage their financials and to ensure the company's success expansion.

Small-business accounting is a set of methods used to control the management, understand and manage the financials of a company, including managing inventory, as well as monitoring cash flow. Read this article for an overview of accounting fundamentals that small-scale entrepreneurs must be aware of.

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