Tag Archives: cash flow

For many, the world of accounting can seem like a complex maze of numbers and jargon, but at its core, it’s simply the language of business. Understanding fundamental accounting principles is crucial for anyone, whether you’re managing a small shop, aspiring to be a financial professional, or simply want to …

In the world of finance, discounts are a common occurrence. But have you ever wondered what “discounts allowed” mean and how they’re handled in bookkeeping? This article will explain everything you need to know, including why they’re issued and how to record them in the 3 column Cash Book. What …