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1:22
YouTube
Accounting Stuff
How to Account for Invoices
Sending an invoice changes your books, but how depends on your accounting method. Under accrual accounting, revenue is recorded when it's earned (usually when you issue the invoice): 👉 Dr Accounts Receivable $500 👉 Cr Revenue $500 Then when payment arrives: 👉 Dr Cash $500 👉 Cr Accounts Receivable $500 Under cash accounting, the ...
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📘 Credit Note vs Debit Note ✔ Credit Note Reduces invoice amount due to returns or corrections. ✔ Debit Note Increases payable amount or adds charges. For any guidance, contact us Telegram👇 @apexfinancialsolutions 📞 0995959351 #ApexFinancial #ApexTaxSchool #Taxtip #ethiopianbusiness
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