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You can achieve this in two ways – employing accountingsoftware or with the help of a professional accountant. The advantage of hiring an outsourced restaurant accounting professional for this task is that your accountant will proactively alert you in case there are any discrepancies in your reports.
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As artificial intelligence and machine learning evolves in accounting, it is becoming more and more able to predict the future. And with all the financial data that accountingsoftware providers like Xero & Quickbooks have at their disposal, they’re now able to predict things like a company’s cash flow position.
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