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* 1. Having separate and business bank accounts is the only way to run your books.

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* 2. Recording small transactions and expenses can be time consuming. But doing so can mean a big pay off come tax time. 

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* 3. Lets talk budgets. Select all the best practices that we shared about budgets for small businesses.

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* 4. Trying to manage all accounting in-house will save you money.

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