Category: Bookkeeping
Difference between single entry and double entry bookkeeping
A transaction could be anything from a client receiving payment to purchasing supplies to accruing interest on a loan. That’s the big picture, but let’s take a closer look at what double-entry accounting means in practice, and why it’s still the backbone of reliable bookkeeping today. Conceptually, a debit in one account offsets a credit […]
The Ultimate Guide to Recurring Payments
With a wide range of recurring billing software solutions available, the right choice ledger account will depend on your business needs. The subscription billing software has two categories—subscription management and revenue recognition. This subscription billing software solution is ideal if you’re looking for a scalable solution with global payment capabilities and deep API customization. Here, […]