Intuit QuickBooks Introduces Integrated E-Commerce Management for Product-Based Businesses Using QuickBooks Online

If you fail to match a payment to the right invoice, you risk annoying customers by requesting payments that have already been made. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, […]

What Is a Deferral? Its Expenses Prepaid or Revenue Not yet Earned

As a result, adjusting entries are required to reconcile a flow of cash (or rarely other non-cash items) with events that have not occurred yet as either liabilities or assets. Because of the similarity between deferrals and their corresponding accruals, they are commonly conflated. Deferred revenue, also known as unearned revenue, refers to advance payments a […]