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JOURNAL: the diary of business. It keeps associated with business activities chronologically. Each business activity is recorded as a journal placing it. The Double-Entry will list the debit account as well as the credit take into account each transaction on the day that it occurred. Inside your reports menu in your accounting system, the journal entries are listed regarding transaction store.

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Save Money – You don’t have to engage an in-house employee or pull from your very regular staff to handle the written documents. Instead you and the only thing of the workers can concentrate on growing the business, pleasing the customers and devising ways develop the bottom-line.