Patriot Software

NOVEMBER 3, 2022

As a small business owner, setting up your accounting books and maintaining accurate records is essential. To make that happen, you need to be familiar with accounts payable and accounts receivable. What is the difference between […] READ MORE.

accounts payable 98

accounts payable double entry bookkeeping Account accounted 98

inDinero Accounting

JUNE 29, 2023

The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards. On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data.

accrual accounting 95

accrual accounting accounting principles accounts payable accounting and finance 95

xendoo

AUGUST 22, 2022

A debit is an entry on the left side of an account, while credit is an entry on the right side of an account. Debits and credits will increase and decrease account balances differently depending on the type of account, which we will look at more closely below. . Liabilities.

Account 52

Account accounted accountant bookkeeping 52