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If you’re a smallbusiness owner or entrepreneur, you’ve probably heard of GAAP, the Generally Accepted Accounting Principles. This set of accounting principles provides standard rules and methods for businesses to collect and report financial information. What is GAAP?
The job of a bookkeeper is to track your business earnings and expenses. In simple words, bookkeepers ensure that all of your business income, expenses and transactions are recorded in your book and they reconcile your company’s financialaccounts every month.
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