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December 9, 2024 at 6:34 am
Electronic record keeping is usually advised for small enterprise since it is fast and reliable in data collection. There are programs like QuickBooks, Xero, or Wave that can help to perform operations faster, with low chances of mistakes, and provide the needed reports as soon as possible. While bookkeeping activities are largely similar to the manual bookkeeping process, manual bookkeeping can be just adequate for businesses with little transactions and could be slow and bring about mistakes.
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