Bookkeeping

Understanding the nuances of these accounts is crucial for accurate financial reporting and strategic planning. Sales discounts are also known as cash discounts and early payment discounts. Sales discounts are recorded in a contra revenue account such as Sales Discounts. Hence, its debit balance will be one of the deductions from sales (gross sales) in […]

Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize Certified Public Accountant income and minimize taxes. I began my career working as a bookkeeper