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Old 05-15-2004, 10:42 AM
dairel dairel is offline
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Join Date: Aug 2002
Location: south-east missouri
Posts: 75
accrual accounting

If you retail sales business will have inventory you will be required to use accrual. It will also give you a much more acuate picture of what your business is doing. While cash flow is important the biggest mistake most new business owners' make is to manage their business based upon what is in their checking acc't, rather than by their profit. Dairel
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