Accounting Seed
MARCH 29, 2023
Topics Billing & revenue Payables & expenses General ledger Financial reporting Project accounting Multi-company Multi-currency Taxation Orders & inventory Billing & revenue Account / Customer Textbook Definition Customer master record used to record billing addresses, payment terms, etc.
Snyder
JANUARY 3, 2023
Larger companies tend to use the accrual basis of accounting, meaning that revenues and expenses are recorded at the time of the transaction (when you get a bill or raise an invoice), not at the time when the payments are made. All business accounts are recorded in your accounting books.
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