Accrual basis accounting recognises revenue and expenses when they are earned or incurred, regardless of when cash changes hands. This contrasts sharply with cash basis accounting, which only records transactions when money physically moves in or out of an account. Learn more
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Payroll
Payroll is the process of calculating and distributing employee wages, managing deductions and ensuring proper tax withholdings. It forms the foundation of employee compensation management in organisations of all sizes. Learn more