wagzz
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- Username wagzz
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Re: Managing transactions from several sources.
You usually dont reconcile an individual sale to a lump sum payment. You track all of your sales, which go into accounts receivable, you then would get payments that decreases your accounts receivabl… (View Post)1 -
Re: Earmark or "Save" money to set aside for future expense
In accounting we create an "allowance" account. So your example would be "allowance for property taxes" this would be considered a contra cash account. Adding an amount to this is… (View Post)2
