![What is Sales? A Practical Guide [For 2021]](/blog/content/images/size/w1000/2021/02/featured-images.jpg)
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
Deskera
Deskera is a market leader in smart cloud-based business management solution, trusted by 80,000 users worldwide. With its big data backbone, Deskera offers a much required industry tool that is desig
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Latest Posts
VAT Invoice: Definition & Rules for VAT Invoicing
While businesses located in the US are imposed a retail sales tax, many other countries across the world are subject…
10 min read
3 Main Accounting Reports for Small Businesses
As businesses operate, they engage in multiple financial transactions that generate revenue, incur expenses, increase inventory, and so on. All…
9 min read
What Is a PO Number & How to Create It
The purchase order is the official request and confirmation of a customer’s purchase. It details the specifics of an…
7 min read
What Are Adjusting Entries? Definition, Types, and Examples
The life of a business is divided into accounting periods, which is the time frame (usually a fiscal year) for…
9 min read
Accounting Basics: Debit and Credit Entries
If there is one accounting notion that mostly confuses accounting beginners it’s learning how to make debit and credit…
7 min read
Is Service Revenue an Asset?
No, service revenue is not an asset. Assets are defined as resources with economic value that a business owns. Whereas…
4 min read
Is Unearned Revenue a Liability?
At the end of every accounting period, businesses need to make adjusting entries in order to accurately prepare their financial…
5 min read
Journalizing Transactions: Definition and Examples
Journalizing transactions is the process of recording and tracking any transaction that your business performs. This recording is the building…
11 min read
Purchase Order vs Invoice: What’s the Difference?
People often confuse a purchase order with an invoice and use the terms interchangeably. Although purchase orders and invoices contain…
6 min read
What Type of Account Is Unearned Revenue?
You’re probably thinking: unearned revenue has to be a revenue account, right? The word revenue is in it! Well,…
5 min read
Is Equipment a Current Asset?
Current assets are short-term assets that are easily convertible into cash within a year. Equipment, however, isn’t meant to…
5 min read