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Hello readers, today I will be writing about accounting for small businesses with a specific focus on book keeping. A business must have an accounting procedure to ensure that its income and expenses are monitored promptly as well as its assets and liabilities. Basically, a small business will be required to carry out book keeping procedures, as well as, preparing financial statements for the year. Tax calculations must also be carried out for official purposes, after that being said I will be focusing on book keeping.