Showing posts with label Configuring Preferences to Fit Your Company. Show all posts
Showing posts with label Configuring Preferences to Fit Your Company. Show all posts

Sunday, February 28, 2016

Configuring Preferences to Fit Your Company

An organization’s approach to accounting often depends on the type of business it is and its objectives, policies, procedures, and industry. For example, maybe you use inventory tracking and payroll—but maybe you don’t. The way you and your accountant like to work also influences your organization’s accounting practices. For instance, you might prefer the simplicity of cash
accounting to the more intimate pairing of income and expenses that accrual accounting offers.