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Category: Bookkeeping

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Accounting Software for Accounting Practice Management

Oct 27, 2025Woocommerce SupportBookkeeping

Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment. While my overall experience of using Xero was positive, I noticed some platform limitations. Since this plan is ideal for freelancers, removing the restriction will surely encourage more freelancers to opt for Xero. Xero automatically calculates sales tax on your […]

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Prepaid expenses journal entry: a guide to prepaid expense accounting

Jan 13, 2023Woocommerce SupportBookkeeping

The $500 in Unearned Revenues will be deferred until January through May when it will be moved bookkeeping with a deferral-type adjusting entry from Unearned Revenues to Service Revenues at a rate of $100 per month. Accountants also use the term “accrual” or state that they must “accrue” when discussing revenues that fit the first […]

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