Your Home Business - Episode 8: Keeping Score With Accounting

In this episode, hosts David Lykken and Larry Morrison dive into one of the most crucial yet often overlooked aspects of running a business: Accounting. Whether you're a small business owner or aspiring entrepreneur, understanding the difference between financial forecasting and accounting is essential. Together, we'll explore why setting up a solid accounting system is vital for tracking your profits, managing expenses, and ensuring the financial health of your business. From cash vs. accrual accounting to the importance of daily bookkeeping, we’ll cover practical tips to help you avoid costly mistakes. Get ready to learn how to build a strong financial foundation for your business!

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