Understanding Accounting Terminology

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Understanding Accounting Terminology

After I started my own business, I knew that I didn't know enough about money to do my own accounting. To solve the problem, I hired an accountant to help me out. However, I quickly realized that when he was talking about letters of incorporation, assets, and business valuation, I would get more confused than ever. To make it easier to communicate with my accountant, I took a few minutes to learn more about accounting terminology. I can't begin to tell you the difference it made. My blog is designed to help you to understand the same types of things, so that you aren't left wondering what your accountant is talking about.

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