Graphic titled “Accrual Accounting Made Simple” with subtitle “Differences between prepaid expenses and deferred income – plus tips for optimization.” Next to the text, an illustration of an invoice, coins, and a paper airplane represents accounting and finance.
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What are prepaid expenses: Examples and key features

Anyone working with accounting or financial statements will sooner or later come across the concept of prepaid expenses — the timing difference between payment and the delivery…

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