Prepaid expenses8/8/2023 We have never verified the credentials of any user. Please seek appropriate professional advice for tax-related matters. Resume Homework Offtopic Undo Filter Useful Links General InformationĪny opinions provided within this community are for informational purposes only. Accounting Coach - For Students, Small Business, & Bookkeepers.Brigham Young's Learning Accounting Free.They usually relate to the purchase of something that provides value to the business over the course of multiple accounting periods. /r/Accounting's CPA review course recommendations - 2014 Prepaid expenses are amounts paid in advance by a business in exchange for goods or services to be delivered in the future.Podcast - How to find the best external accounting recruiter.Please use the report button to ask the moderation team to address off-side comments. While no advice or credentials of those giving advice have been verified or endorsed, any blatant violations of ethical rules are not tolerated. This also extends to PM'ing users because of comments they made on this subreddit. We expect users to not use the subreddit for financial gain, although we will remove self-promotion regardless of whether there has been personal financial gain. Do not post your own blog, website, or video channel. This includes business solicitations and advertisements, referrals and job postings. If material, these amounts are recorded as assets until the related expenses have been incurred, contract terms are met, or goods or services are received. Personal attacks are not tolerated.Ģ) Avoid most self-promotion, advertising, or solicitation. Prepaid Expense: A prepaid expense is a payment made in advance of the future performance of services, receipt of goods or other assets, or incurrence of expenses. You can feel free to be "harsh", but never insulting. Live chat on Discord! Click here for an invite Rules:īe patient with others. ALL SIDEBAR LINKS IN OLD REDDIT ARE NO LONGER KEPT UP TO DATE, PLEASE VIEW NEW REDDIT FOR UPDATED LINKS /r/Accounting Chatroom:
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