Hello fastlaners.
I run a small online business in my home country of Italy. Over here, when it comes to accounting, it's a huge mess. You have to report every single cent that enters the company's bank account and every single cent that exits with a statement like an invoice, even when other types of financial documents would normally suffice. For example, if your company shops at a supermarket (let's say you are a cleaning company and are buying cleaning products), and you pay with the...
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I run a small online business in my home country of Italy. Over here, when it comes to accounting, it's a huge mess. You have to report every single cent that enters the company's bank account and every single cent that exits with a statement like an invoice, even when other types of financial documents would normally suffice. For example, if your company shops at a supermarket (let's say you are a cleaning company and are buying cleaning products), and you pay with the...
Read more
from Accounting practises for US companies?
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