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Vocabulary Guide

Accounting Seed

Payables & expenses Account / Vendor Textbook Definition Vendor master record used to record billing addresses, payment terms, etc. Payable / Account Payable / Purchase Invoice / Vendor Invoice Textbook Definition A document detailing out what you owe a vendor for a service or product.

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Different Types of Accounting Methods (And How to Choose the Right One for Your Business)

Analytix Finance & Accounting

Rather than simply showing what’s in your bank account, accrual accounting shows the full scope of your financial commitments and expectations. Starting with accrual accounting means you won’t need a costly financial restatement down the road.

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147 Cloud Accounting Software Apps: The Big List

Ryan Lazanis

Below are some of the best cloud accounting software for small businesses. 1) QuickBooks Online A true juggernaut in the small business accounting software space, QuickBooks Online is widely known across firms and self-employed business owners alike as one of the best accounting software products. 11) Dext I love me some Dext.