Bookkeeping

In the event of accrual accounting, unearned income is recorded under deferred revenue within the balance sheet. Because of this nature of prepayments for the services to deliver, unearned revenue is not recognized as revenue and is recorded as a liability. Once your...

If you opt to keep control of this essential part of your organization, it is important to consider how much time you’ll need to manage that. Not merely a list of numbers, it encapsulates expense management, payroll processing, client invoicing, and bill payment....