What is Accounting?
Accounting is how you record, interpret, and summarize your financial profile to anyone interested in your business, including you.
Cash vs accrual basis accounting
The main difference lies in the timing of when revenue and expenses are recognized.
Accounts Payable
Accounts payable is what you need to pay for services or products you’ve received. It represents a company’s obligation to pay off to its creditors or suppliers
Accounts Receivable
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
Standardisation between design tools
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More adventurous colours
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