Bookkeeping

On the opposite side, a Credit Entry is used for transaction entries that are recorded on the right side of the T-account. In the previous example, we can say that the Sales account was credited by $1,000 for the sale of merchandise. Let’s walk through an example month of accounts payable transactions to see how […]

Cards, wallet and bank debit payments are all reusable – customers only need to provide their card number or bank account details once. While authorization isn’t a legal requirement for recurring credit card transactions, businesses may opt to get it anyway in case there’s a dispute. Credit card processing networks do require businesses that offer