"Sales" and "receipts" should be understood as interchangeable. Likewise, "Purchases" and "payments" should be understood as interchangeable. Intercompany receipts or payments should still be reported on an accrual basis.
Published
"Sales" and "receipts" should be understood as interchangeable. Likewise, "Purchases" and "payments" should be understood as interchangeable. Intercompany receipts or payments should still be reported on an accrual basis.