The Critical Trial Balance Step Most Tutorials Skip
If you’re learning accounting, the trial balance can feel like one more report to memorize. It makes a lot more sense once you see where it comes from. Journal entries,…
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Deferred Revenue: You Got Paid. So Why Isn’t It Revenue?
I often see business owners confused when cash hits the bank but their income statement does not change. That confusion usually centers on deferred revenue — one of the most…
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Accrued Revenue Explained: What It Is, Journal Entries, and Examples
Accrued revenue is revenue a company has earned but has not yet billed or received as a cash payment. Under the accrual accounting method, revenue is recognized when performance obligations…
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Fund Flow Statement: A Complete Guide with Step-by-Step Excel Example
If you’re an accounting student outside the United States—or even a U.S. student trying to understand how financial resources move through a business—you’ve probably encountered the fund flow statement in…
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Debit vs Credit Accounting: Why They Still Confuse You
Introduction If debit vs credit accounting still feels like a set of arbitrary rules you can never truly remember, you’re not alone. The words themselves are misleading, and many people…
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Cash Flow vs Profit: What Every Business Owner Should Understand
You’ve checked your income statement and see a healthy profit staring back at you. Then you open your bank account and wonder where all that money went — like it…
