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set up a bookkeeping system
Setting up and maintaining a bookkeeping system for your business will not only keep your financial information in proper order, but it can be scalable when you grow your business. Bookkeeping allows you to set up projections and forecasts for the future, and lets you see where you may need improvements. Bookkeeping involves keeping track of your day-to-day transactions, categorizing them, reconciling your bank statements and much more. As we mentioned in our blog ‘The Difference Between Accrual and Cash