One of the most confusing aspects of accounting is the language accountants use; especially, the terms Debit and Credit. And for the layperson, attempting to find common language meaning in those terms, has always compounded that confusion.
Figures indicate that 50% of all SMEs fail within the first 5 years of operation.Running a business is not easy, and business owners face a lot of unexpected challenges – many of them are financial in nature. However, with proper reporting and visibility, many of those challenges can be addressed, and the ensuing problems prevented.
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