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Given that bookkeeping is such an important section of every business here’s a few 2 and don’ts that you can stick to in your bookkeeping practices. Failure to do this is a formula for a total failure. If you have your small business it is always a good idea to track your money.
Attempt to have enough cash on hand in order to last twelve months without product sales. Keep track of your burn rate. Spend money on expansion only when it really is clear that you absolutely need to.
