Content Investing Activities: The Statement of Cash Flows: Cash Flows from Investing Activities As a result, the decrease in payables is shown in parentheses. Paying the suppliers more than the related expenses reported on the income statement had a negative or unfavorable effect on the company’s cash balance. Amounts spentRead More…

Content Accruals: Accrued Income What are accruals in accounting? Depreciation expenses Deferred Expense Get fresh finance insights, monthly In contrast to accruals, deferrals are cash prepayments that are made prior to the actual consumption or sale of goods and services. Accrued revenue—an asset on the balance sheet—is revenue that has beenRead More…

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Content About Paychex What it means to “record transactions” Cash Basis Accounting Video Examples of cash accounting vs. accrual What are the Three Financial Statements? Maintaining a series of documents year over year and constantly back-checking for changes and updates takes a lot of time. As the business grows, itRead More…

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