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An Intro to Accounting and Bookkeeping for Small Dental Practices. The process of accounting involves the identification, measuring, and communication of business and financial information for tax returns and decision making. Two well known and commonly used accounting methods are accrual and cash accounting. Small businesses that generate under 5 million dollars in revenue each year, are eligible to elect either cash or accrual accounting methods.
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What Is The Task Of a Certified Public Accountant? As a business owner, having a certified public accountant will spell success. Will having a CPA boost your profit and help you manage the business properly? Well, of course! What they do for a living. The auditors will have to be tax preparation. Professional and they have to be in a certain standard that passes through the requirements of the government because they will be handling a lot of important details and there is no room for errors.