Take note that the amount has not yet been incurred, thus it is proper to record it as an asset. Expenses are recognized when they are incurred regardless adjusting journal entry for prepaid insurance of when paid. Expenses are considered incurred when...
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Get clear, concise answers to common business and software questions. Alternatives...
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They will also review their existing projects and ensure all deliverables are on track and answer any questions or concerns from clients. As a freelance accountant, your day will vary depending on the business you are working for, but here is a general overview of a...