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Inputting invoices is piece of cake but scanning them in will be the death of me 🫩 500 documents to add into our data base 😫 #accounting#accountspayable#accountspayablespecialist#accountingstudent#entrylevel
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Why Isn’t Profit the Same as Cash Flow? Under the Accrual Method of accounting, revenue is recorded when it’s earned and expenses are recorded when they’re incurred, not necessarily when cash changes hands. That means Boutique Couture could record a sale before the customer pays, or record an expense before paying the bill. Some expenses, like depreciation, don’t involve any cash leaving the business at all. So even though the Income Statement shows $60,000 in Net Profit, that doesn’t necessaril
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