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This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Measuring and Accounting for Innovation in the TwentyFirst Century Volume Authors/Editors:
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Collect all relevant data and documentation.
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Keep detailed records for future reference and auditing purposes.
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What is measuring and accounting for?
Measuring and accounting for involves tracking and recording financial transactions in order to assess the financial health and performance of a business.
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Measuring and accounting for typically includes a balance sheet, income statement, cash flow statement, and supporting documentation such as receipts and invoices.
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