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As your business grows, so does the need to keep track of everything in an organized manner. When you first started out, you were paying for business expenses out of your personal bank account and tracking your accounts payable and accountsreceivable using different methods or separate software programs.
Thorough Record-Keeping: Keeping detailed records of transactions is fundamental. It helps keep track of credit notes and acts as a point of reference for subsequent transactions. Ensuring that firms maintain a thorough financial history is contingent upon robust record-keeping.
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