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Salt Lake City Bookkeeping Blog

How Adjusting Entries Keep Your Accounts Accurate

Posted by Leanne Armstrong on Jul 3, 2018 9:00:00 AM

For accounting purposes, your business must record a journal transaction each time a financial event like a customer sale or purchase of supplies occurs. But unless your company qualifies for and uses a cash accounting bookkeeping system, adjusting entries will also be necessary to keep your accounting records accurate.

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Topics: Accrual Accounting, Journal Entries, Small Business Bookkeeper