Logo

In a study conducted by U.S. bank the study found that around 82% of businesses fail due to the problem being poor management of cash flow. Accounting practices that are efficient and effective are crucial for any small business owner to be able to control their finances efficiently and position their business to succeed.

Small business accounting includes accounting practices that help track as well as manage the business's finances, like inventory and cash flow monitoring. Check out this post for an overview of the fundamental accounting practices entrepreneurs in small businesses need to be aware of.