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Not on here enough at the moment
Not on here enough at the moment
Welcome to Accounting 101 if you made it this far fellow nerds
Welcome to Accounting 101 if you made it this far fellow nerds
Cash basis - Revenue is recorded when money is received and Expenses recorded when paid, so there is no tracking of Accounts Receivable (Services performed but not payed) or Accounts Payable (Services received but payment not distributed)
Cash basis - Revenue is recorded when money is received and Expenses recorded when paid, so there is no tracking of Accounts Receivable (Services performed but not payed) or Accounts Payable (Services received but payment not distributed)