If you’re like many busy business owners, you can’t spend hours learning the detailed ins and outs of bookkeeping. QuickBooks Online users can save time with experts who can help […]
Category: Bookkeeping
What is the difference between an accrual and a deferral?
It is the basis for separate recognition of accrued expenses and accrued incomes in the financial statements of a business. The accruals concept of accounting requires businesses to record incomes […]
Getting Back on Track: A Guide to Catch Up Bookkeeping
Under an accrual basis, if a customer doesn’t pay you for work completed, you can write this off as a bad debt expense. As a small business owner, it’s quintessential […]