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Accounting is the measurement, processing, and communication of monetary information about financial entities similar to businesses and corporations. The trendy field was established by the Italian mathematician Luca Pacioli in 1494. The terms “accounting” and “financial reporting” are sometimes used as synonyms. Once you may have a legally formed business and have been issued an Employer Identification Number , open a checking account particularly for your small business. Having a business bank account is important for keeping your personal and business finances separate which may help you achieve an correct picture of your business’s cash flow and monetary well being. As a social media supervisor, you need to use your expertise to manage the social media accounts for corporations and even individual people.

Mass.gov® is a registered service mark of the Commonwealth of Massachusetts. Do not embrace delicate info, such as Social Security or checking account numbers. From verifying a …