08-05-2008
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Join Date: Aug 2008
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Most small business cease to exist within a year which is usually good for tax avoidance, therefore I would say that minimium accounting should be required - probably the easiest and most understandable would be to build you own using the most well known Spread Sheet program (which I think most people already have loaded in their PC or laptop).
Cash flow is essential to monitor and you could plot some easy to read graphs to show progress - often more revealing than a columns of figures or pages of accounts.
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