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Business 101Money & Structure Yvette Davis & Terry Lee Stoneware 1: SETTING UP THE Bookshop does it mean? Books are a financial record keeping system that tracks your business income and expenses.
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Business 101 money refers to the basic understanding of financial management in a company, including budgeting, cash flow, and profit/loss analysis.
Small business owners, entrepreneurs, or individuals in charge of financial decisions within a company are required to file business 101 money.
To fill out business 101 money, one must gather financial data such as income, expenses, investments, and debts, and analyze them to make informed financial decisions.
The purpose of business 101 money is to ensure sound financial management practices in a company, leading to profitability and sustainability.
Information such as revenue, expenses, assets, liabilities, and net income must be reported on business 101 money.
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