The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Amy is an ACA and the CEO and founder of OnPoint Learning, a financial training ...

Business use either a cash or accrual accounting system to allocate incoming revenue and exiting expenses in the company books. The cash system requires the reporting of revenue when a payment is ...