Tuesday, August 20

Simple help

My friend who is opening a small car repair shop asked me to help him with his accounting. He was asking me to teach him the simple accounting he can apply to his business, since I can not promise to be always with him to do his books. So yesterday, he sat down with me while I taught him the basic cash in and cash out principles. Since he is just starting, I think it will be easier for him to apply cash basis for now, but eventually move to double entry soon when he finds a bookkeeper. I just hope he can find a helper soon.

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