Private Practice Accountants
When you sign up for Xero, it will ask you what industry you are in (as well as some other specific questions related to your business). Every time your therapy practice earns revenue, it’s entered in the general ledger. Every time it spends money, it’s entered in the general ledger. By using the accounts listed […]
Accounts payable financial definition of accounts payable
Too high accounts payable indicates that your business will face challenges in settling your supplier invoices. However, too low accounts payable indicates your business is giving up on the benefits of trade credit. Accounts payable form the largest portion of the current liability section on the company’s financial statements. Take advantage of these to make […]