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Sales of goods or services on credit normally use invoices.\",\"isTranslated\":true}],\"_meta\":{\"id\":\"richText\"}},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"All sales must be documented and recorded, usually in an accounting system. 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To avoid overlooking certain expenses, it is wise to have routines for when you review all expenses and to use an accounting system that helps you with receipt documentation.\",\"isTranslated\":true}],\"_meta\":{\"id\":\"richText\"}},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"title\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"Financial management\",\"isTranslated\":true}],\"_meta\":{\"id\":\"richText\"}},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"Good financial management can secure the operations of your company, and there are several solutions and measures that can be of great help to your business. One of the most important tools for good financial management is a system that helps you maintain an overview and can do part of the work for you.\",\"isTranslated\":true}],\"_meta\":{\"id\":\"richText\"}},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"title\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"Annual accounts\",\"isTranslated\":true}],\"_meta\":{\"id\":\"richText\"}},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"The annual accounts are the formal summary of the business's finances for an accounting year. They consist of the income statement, balance sheet and notes, and show revenues, costs, assets and liabilities at the end of the year. The annual accounts are used both internally to gain an overview of the finances and externally for reporting to authorities, owners and other stakeholders.\",\"isTranslated\":true}]},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"Good practices include maintaining the accounts on an ongoing basis throughout the year, ensuring that all payment documentation is complete and correctly recorded, conducting regular reconciliations and following up on inconsistencies early. This way, the annual accounts largely become a summary of an already updated set of accounts, rather than a major rush at year-end.\",\"isTranslated\":true}]},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"A digital accounting programme such as the accounting system DNB Regnskap can make this easier by bringing together banking and accounting in one system, automating parts of the bookkeeping and providing good oversight along the way, so that the annual accounts can be prepared with better control and less stress.\",\"isTranslated\":true}]}],\"_meta\":{\"id\":\"text\",\"anchorId\":\"adc60a1ad-04ec-4810-b466-e4c5c936013a\"}}]}"}},"homeLinks":{"mainHomepageUrl":{"path":"/content/dnb/open/en","anchorText":null},"corporateHomepageUrl":{"path":"/content/dnb/open/en/business","anchorText":null}},"navMenu":{"menu":{"tabs":[{"url":{"path":"/content/dnb/open/en","anchorText":null},"customerSegment":"private","title":"Personal","links":[{"url":{"path":"/content/dnb/open/en/loans","anchorText":null},"title":"Loans","description":"Are you buying a home, a car or other items? 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