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In the last week, I've done a number of presentations to business owners around the Wellington region. And thinking through the sessions afterwards, I realised just how limiting the focus on a business's profit and loss account really is.
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Much like vinyl sales, book sales and the return of the Nokia 3310 last November, it seems that using cash for purchases is on the increase.
You’re probably familiar with the terms ‘bookkeeping’ and ‘accounting’.
Are you equally as familiar with the terms ‘financial accounting’ and ‘management accounting'? I suspect not. And you are not alone. |
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