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In a investigation conducted by U.S. bank, it was discovered that 82% percent of companies fail. The main reasons for this include poor control of cash flows. Effective accounting techniques as well as efficient ones are crucial for small-scale entrepreneurs to effectively manage their finances and ensure the growth of their business.

Accounting for small-scale businesses is a series of techniques used to manage the administration, analyze and manage the finances of businesses including the control of inventory and monitoring the flow of cash. Check out this article for the fundamentals of accounting that small-scale business proprietors must understand.

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