HumanBookkeeping.com™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what Matching Principle
means. If we can be of more help explaining what Matching Principle
is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-994-8626(888-99HUMAN).HumanBookkeeping.com™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what Matching Principle means:
The matching principle is a core component of the FASB’s conceptual framework for accounting.
The matching principle is the idea that the costs to generate revenue should be matched to the same period as that in which the revenue is recognized.
This means that a company should recognize the cost to purchase and produce a product at the same time that it recognizes the related revenue.
Need more information or help? Don’t hesitate to give us a call right now at 888-99HUMAN.