In other words, the business cycle is simply an observation garnered from looking at economic data and realizing that it follows a cyclical pattern. Although the economy follows a general pattern ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accurate bookkeeping is a necessity for any business.

It’s not only important for businesses in terms of record keeping and general business management, but also for legal reasons and tax purposes. Though many businesses leave their accounting to ...