Kategorija: Bookkeeping

Unlike account types, detail types don’t impact the actual accounting portion of your books. Detail types are there to help convention of conservatism you choose the right account type, especially if you’re new to accounting. They also help you break down your account types into “categories” so it’s easier to see a breakdown of what

It is important to understand that if any cash is received, even if it relates only to a part of a larger transaction, then the entire transaction is entered into the cash receipts journal. Depending on a company’s requirements, different formats are used for a cash receipts journal. To help you understand the recording procedure,