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Your bookkeeping method determines how you report income and expenses on tax forms. You must select a bookkeeping method when you file the first tax return for your business. After that, if you want to change your bookkeeping method, you need permission from the IRS. For more information, talk to your tax professional.
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The following terms will be different in the Canadian releases of Quicken. Canada: "Cheque" / United States: "Check" |
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