• Most offer free trials or a demo account and charge monthly subscription fees once you’re ready to commit. Generally speaking, the more you need from an accounting service, the longer it takes to set one up and the higher the monthly payment. It’s refreshing to see a software developer take a step back and develop […]

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  • A contra account is an account paired with another account type, has an opposite normal balance to the paired account, and reduces the balance in the paired account at the end of a period. Adjusting entries requires updates to specific account types at the end of the period. Not all accounts require updates, only those […]

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