Introduction: In the world of GST (Goods and Services Tax), credit notes and debit notes play a crucial role in ensuring accuracy and compliance in tax invoicing and accounting practices. These ...

Under the accrual basis of accounting, you must record revenues and expenses in the accounting period in which they were earned or incurred, regardless of when payment occurs. An adjusting entry is a ...

When running a small construction business, you need to account for your revenues and expenses. You can achieve this task by following the accounting cycle -- that is, the chronological events of ...

There is an issue in Erpnext for Accounting ledger postings for Debit/ credit note scenarios for the items of the type Enable Deffered expenses/ Enable Deffered Revenue are set to true . I have made ...