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Understanding The Revenue Recognition Principle

Subscription Flow

Accrual accounting states that revenue must be counted when it is earned, rather than when payment is received at your end. Cash is not equivalent to revenue. Revenue is earned only when a company fulfills its obligations toward its customer. The payment terms must be properly defined.

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Xero vs QuickBooks Online: Which Accounting Software is Best for Your Business?

Stax

Most small business owners hunting for cloud accounting software will find themselves trying to choose between the two most popular names: Xero and QuickBooks Online. Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. Both are comprehensive tools that tick all the foundational boxes.