The periodicity assumption follows the principle that companies can divide their financial activities. Therefore, it assumes companies can separate their revenues and expenses into distinct and consecutive accounting periods. The...
In this Wave accounting review, we’ll tell you everything you need to know about this user-friendly, free accounting software. Xero lets you add unlimited users in all plan...
You can also click the We can help you fix it link to open your discrepancy report on the Reconcile window of your account. You can review its details and...
The cost of a layered haircut can vary depending on the skill and experience of the stylist. With extensive expertise and a vast portfolio, a stylist may charge higher prices...
Whether your business uses accrual or cash accounting can have a significant effect on taxation. With accrual accounting, you would book the revenue from the job in December, the same...
A sales forecast typically breaks down monthly sales by unit and price point. Beyond year two of being in business, the sales forecast can be shown quarterly, instead of monthly...
Well, under cash-basis accounting, the revenue would be recognized the moment you paid us, not when we delivered the service. Now, the most fundamental part of accounting is recording...
In the event that you have already paid the total amount of the invoice without offsetting your credit memo, you can either ask for a refund or use that credit...