Michael brings up a great point.
Here’s another traditional accounting term to search for: “allowance for
doubtful accounts.”
It usually resides as a sub-account of A/R. It is a contra-account which means
it normally has a credit balance. (assets normally have a debit balance)
You use the acco
On 3/8/2018 4:06 AM, Maf. King wrote
I cannot look in income:sales to
determine how much taxable income I report, because it would include how
much I'm owed also.
As such, what is the best way to find out how much taxable income I make
per year to report on my taxes?
Hi,
This is the differ
On Thursday, 8 March 2018 06:38:23 GMT H0wdy wrote:
> Hello everyone,
>
>
> I do invoices throughout the year and have the income go to
> income:sales. However, I don't necessarily get paid in full for the
> invoices, so at the end of the year, I cannot look in income:sales to
> determine how mu
Hello everyone,
I do invoices throughout the year and have the income go to
income:sales. However, I don't necessarily get paid in full for the
invoices, so at the end of the year, I cannot look in income:sales to
determine how much taxable income I report, because it would include how
much I'm
