CHAPTER6

Doing Business Day to Day

In This Chapter

  • Recording and accounting for sources of revenue
  • Recording and paying your bills
  • Recording and managing inventory levels
  • Recording and managing payroll

In Chapter 1, we provided an overview of typical accounting transactions; in this chapter, we look at those in more depth. We describe the most common types of accounting transactions you’ll perform in your accounting software. The frequency with which you’ll carry out any of these transactions depends on the nature of your business, and you might not need to carry out every type of transaction. In some cases, we describe more than one way to ...

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