4 Key Accounting Trends to Look for in 2017

As if 2017 doesn’t promise enough drama and change already, the accounting profession is poised for a year brimming with expected regulatory issues and scrutiny. Bloomberg BNA recently released its 2017 Tax & Accounting Outlook report that covers the gamut of legislative, state, international, and tax administration issues. But it also highlights the following four …

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The History of Receipts

The word “receipt” comes from the Old Norman French word for recipe and the Latin word to receive. A receipt is “a written acknowledgment that a specified article or sum of money has been received.” More precisely, receipts contain two main elements: the clearance of goods or services and the settlement of payment. Many countries …

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