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Accruals and Deferrals

Accruals and Deferrals

For the purpose of forming the financial result of the organization’s activities for the reporting period, income and expenses are differentiated between the reporting periods. Income and expenses related to this reporting period are reflected in the current income and

Freshbooks Review

Freshbooks Review

The work of the accounting department of any company is not only limited to storing data about the company’s property and finances. The accounting law requires documentation of each accounting transaction. To comply with the law and generate accounting reports