Deskera Blog | Articles on Accounting, Business, Finance and more!

What is Sales? A Practical Guide [For 2021]

“Sales” is a term that covers all activities related to selling goods or services to customers or businesses. Usually, depending…

8 min read 5 hours ago

While businesses located in the US are imposed a retail sales tax, many other countries across the world are subject…

10 min read a day ago

As businesses operate, they engage in multiple financial transactions that generate revenue, incur expenses, increase inventory, and so on. All…

9 min read 2 days ago

The purchase order is the official request and confirmation of a customer’s purchase. It details the specifics of an…

7 min read 3 days ago

The life of a business is divided into accounting periods, which is the time frame (usually a fiscal year) for…

9 min read 4 days ago

If there is one accounting notion that mostly confuses accounting beginners it’s learning how to make debit and credit…

7 min read 5 days ago

No, service revenue is not an asset. Assets are defined as resources with economic value that a business owns. Whereas…

4 min read 6 days ago

At the end of every accounting period, businesses need to make adjusting entries in order to accurately prepare their financial…

5 min read 7 days ago

Journalizing transactions is the process of recording and tracking any transaction that your business performs. This recording is the building…

11 min read 8 days ago

People often confuse a purchase order with an invoice and use the terms interchangeably. Although purchase orders and invoices contain…

6 min read 9 days ago

You’re probably thinking: unearned revenue has to be a revenue account, right? The word revenue is in it! Well,…

5 min read 9 days ago

When looking for software solutions for your startups, you would have likely heard the mention of Enterprise Resource Planning -…

6 min read 16 days ago