What is Delayed Credit in QuickBooks

Do you use QuickBooks and need details on outstanding debt? What is Delayed Credit in Quickbooks? comprehensible and easily defined A credit is deemed a delayed credit if it is applied to a later accounting period. Money was either spent or money was made. The delayed credit function in QuickBooks allows users to decide whether a credit is a current liability or an asset linked to inventory. If the asset is an inventory asset, the credit account will be a Cost of Goods Sold account and the creditor account will be Inventory. The creditor account will be financial rather than inventory if the debt is current.

Publicado en Default Category en agosto 27 at 01:11
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