Then, as you deliver the promised goods or services, you reduce the liability and increase your revenue. This process, much like managing payments on account, ensures your financial statements accurately reflect your performance. On the other hand, accrued revenue is classified as an asset under the accounts receivable. In accrual accounting, these transactions must be …
Invoice Number: What It Is and How To Generate One
Please follow these instructions if you need to update your email address. You can keep it as simple as possible and go with sequential numbers such as 01, 02 or 001, 002. In most cases, you can find the Online Accounting invoice number at the top-left or top-right corner of the invoice. Want to learn …