The column simply lists the discounts as with any other book of prime entry. Subsequently at the end of the accounting period, the business posts the total of the column to the general ledger discount allowed or received account as appropriate. The first three columns are the same as the single column cashbook and show […]

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This ensures that they have the skills, experience, and commitment to professional ethics required to handle highly complex and high-impact accounting services. Some CPAs may reward returning clients with a small discount of up to 10%. This is common for seasonal work such as tax preparation and filing. Client retention is a huge driver of […]