What is open-invoicing and which types of businesses would useit? Compare it with the...

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Accounting

What is open-invoicing and which types of businesses would useit? Compare it with the balance-forward method. Why wouldn't one orthe other suffice for all companies?

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Open invoicing is a process whereby entire payments are apportioned to specific invoices rather than to a common account Open invoicing is an awesome way of maintaining track of payments and assigning income directly to sections of expenditure In open See Answer

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In: AccountingWhat is open-invoicing and which types of businesses would useit? Compare it with the balance-forward...What is open-invoicing and which types of businesses would useit? Compare it with the balance-forward method. Why wouldn't one orthe other suffice for all companies?