RCAP Open For Business → 2. Accounting and Financial Management

2. Bookkeeping Vs Accounting

Many small businesses operate on a cash basis (restaurants, lawn care, for example) and can more effectively manage their bookkeeping and accounting processes. In fact, 65% of business owners have closed their doors due to their chief mistake of financial mismanagement. In all likelihood, a significant percentage of those business owners failed to seek help with their financial records. In this course, we will learn the difference between bookkeeping and accounting and the importance of maintaining good financial records.
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Completion rules
  • All units must be completed