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Say you sent an invoice to your client in April but didn’t receive the payment until June. You would record this income in June if you’re […]

Once the journal entry for prepaid expenses has been posted they are then arranged appropriately in the final accounts. Organizations typically use a prepaid expense ledger […]

They also use pivot tables to subtotal and reconcile general ledger and intercompany transactions. Fixed assets are the long-term assets a business owns and uses, such […]