![]() Good Bookkeeping Starts With How the Business is Operated You don’t need to do the bookkeeping yourself, but you need to understand how to organize your business to make the bookkeeping more efficient and accurate. ![]() Experts surveyed by researchers from Griffith University believe that an important factor in determining a small business’ survival is the owner’s financial literacy, including their knowledge of accounting software. The United States Bureau of Labor Statistics (BLS) reports that 20% of new businesses fail within the first year, and 50% fail within the first five years. An accurate, robust accounting system is valuable.
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