Why Do We Need An Accrual Based Accounting Method for Inventory? May 29, 2024Rachel Dauchy This is ABSOLUTLEY my favorite topic to talk about. I am SUCH an advocate of accrual accounting. My thought is that if you are spending the money for a professional...
Understanding the Revenue Recognition Principle: A Comprehensive Guide May 25, 2024Rachel Dauchy At the heart of revenue recognition is the principle that revenue should be recognized when it is earned, regardless of when the payment is received.