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Bookkeeping Is Not Accounting
January 15, 2025In summary, bookkeeping is the foundational process of recording financial data, while accounting builds on that data to provide insights,…
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Jim Reynolds Receives 2024 Ambassador Award
December 13, 2024Jim Reynolds of Succentrix Business Advisors received the Ambassador Award at the 2024 Succentrix Business Advisors annual conference held November…
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Mastering Break-Even Analysis: A Key Tool for Business Decision-Making
May 14, 2024As entrepreneurs and business owners, it is crucial to understand the financial health of our ventures. One valuable tool that…
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Bookkeeping vs. Accounting: Understanding Their Roles in Financial Management
April 2, 2024As professionals in the financial industry, it is crucial to understand the distinction between bookkeeping and accounting. While the two…
Read ArticleUnderstanding the Key Differences Between Financial Statements and Tax Returns
February 20, 2024It is important for both individuals and businesses to understand the difference between financial statements and tax returns. They both…
Read ArticleTax Depreciation vs. Book Depreciation: Understanding Their Impact on Your
January 8, 2024Tax depreciation and book depreciation are two important concepts that play a crucial role in financial accounting and tax preparation.…
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