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Webb17 nov. 2024 · Businesses should open a checking account, savings account, credit card account and merchant services account, which allows the company to accept credit and debit card transactions from customers. Get bookkeeping software (and a bookkeeper). Bookkeeping is the organized process of tracking all income and expenses. WebbBasic Bookkeeping for Sole Traders. As far as keeping accounting records go, sole traders have it far easier than any type of company. In essence, all you need to do as a sole trader is keep records of all of your income and all of your expenses.. When it comes to doing your tax return, you can just add these up and enter the figures in the appropriate place … simplicity\u0027s 0d
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