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Recognizing this distinction helps in accurately interpreting financial transactions and understanding the real-time impact on one’s funds. A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet. Double-entry accounting is based on the recording of debits and the credits that offset…
read moreCSV (Comma-Separated Values) is a widely used text file format that organizes data into rows and columns, with values separated by commas. Once you upload the CSV file, it will requires you to map the columns. After confirming the format is correct and meets Xero’s requirements, click “Download Xero CSV” to save the file to…
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