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An itemized statement provides a concrete picture of your business's income and expenses. By using itemized statements, your business will be better able to track expenses and revenue. Itemized statements will help you see which costs or revenues are generated from which sources. It is important to itemize when you do not have full information about a specific expense. The use of itemized statements will help you determine which costs or revenues come from which sources and how much of each is earned.

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