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Category Archives: Bookkeeping
Cash to accrual for accrued payroll and compensation expense
- 29
- Jul
The use of accrual accounts greatly improves the quality of information on financial statements. Unfortunately, cash transactions don’t give information about other important business activities, such as revenue based on credit extended to customers or https://www.bookstime.com/tax-rates/oregon a company’s future liabilities. By recording accruals, a company can measure what it owes in the short-term and also […]