inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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Going Concern

OCTOBER 21, 2024

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). And I thought, It’s simple. It’s clear.

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ThomsonReuters

APRIL 6, 2023

It is important to note that cash sales, as with a retail client, are not considered part of accounts receivable. Examples of accounts payable and accounts receivable As an example of accounts payable, let’s say that Company ABC purchased goods worth $150,000 on credit from a vendor.

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