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In an study conducted by U.S. bank, it was found that 82% percent of firms fail. The main reasons for this are poor handling of cash flows. The most efficient accounting methods and efficient are essential for entrepreneurs with small businesses in order to efficiently manage their finances and ensure their company's growth success.

Small-business accounting is a set of techniques used to manage the administration, comprehend and control the financials of a business, such as the management of inventory in addition to monitoring the flow of cash. Check out this article to get the basics of accounting which small-scale business owners must be aware of.

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