![]() Revenues or income: Money earned by the business, usually through salesĪlthough it is possible to do-it-yourself with bookkeeping spreadsheets, you can hire a pro to do the same work.Liabilities: Obligations and debts owed by the business (accounts payable, loans). ![]() Expenses or expenditures: Cash that flows out from business to pay for items or services (salaries, utilities). ![]()
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