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In the research carried out by U.S. bank It was found that 82% of companies fail. The root reason being inadequate control of cash flow. The most efficient accounting methods and productive are vital to any business with a limited budget in order to control their finances efficiently and help their business succeed.

Small business accounting includes accounting methods that monitor and control the financial resources of a business which includes the administration of inventory and cash flow management. This article provides an overview of the fundamental accounting procedures entrepreneurs in small-sized companies must be aware of.

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