I just completed a review of a client’s financial statements. The financial statements were issued on the income tax basis of accounting as opposed to generally accepted accounting principles (“GAAP”). The big difference is that they record bonus depreciation and basis reductions for financial reporting purposes. Use Drake Accounting to enter vendor invoices, print (and […]
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Double Entry Accounting In A Relational Database
Posted by adminweb on December 27th, 2019
Posted in Accounting 
Tags: accounting, database, double, entry, relational 
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