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In an research conducted by an U.S. bank, the bank found that 82% of businesses are unable to succeed due to an ineffective management of cash flow. A good accounting system is essential to every business that has limited funds to efficiently control their finances and put their business up to be profitable.

Small-business accounting is a set of financial practices to track as well as manage the company's financials, including inventory and cash flow tracking. Take a look at this article for an overview of the most fundamental accounting procedures for small-scale entrepreneurs to understand.

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