Excel Expert

Wishing you and your family a wonderful Eid!

THE #1 RULE OF ACCOUNTING (ignore this and your profits are FAKE)

The Matching (Accrual) Principle:

Record income when it’s earned.
Record expenses when they help earn that income.
The cash timing doesn’t matter.

Example:
Sold $10,000 in December
Spent $6,000 to make the sale
Profit = $4,000 (even if cash comes later)

This is why we use accruals, depreciation and provisions.

Cash-only reports lie.

If your reports ignore this principle, you’re guessing, not managing.

Don't forget to use these basic text formatting shortcuts to speed up your work. Simple shortcuts like these can save a lot of time in the grand scheme of things.

Like and follow for more tips and tricks!

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