Have you ever wondered whether you should use a Due-to/Due-from account or a Transfer account? Well, that I cannot tell you. However, what I can tell you is the difference between the two account types so that you can make a decision as to which one to...
What are Additional Account Categories? I'm glad you asked. They are categories that are not included in traditional accounting and are not required to complete the chart of accounts. In The Financial Edge there are four additional account categories...