As payment methods diversify, will accounting become more complex?
AS PAYMENT METHODS DIVERSIFY, WILL ACCOUNTING BECOME MORE COMPLEX?
It was not so long ago when there were only two widely used payment methods for goods received or services rendered: cash or cheques. At least, that’s true for people above a certain age; for younger generations reared from the cradle in the internet age, they’re as unfamiliar as the horse and carriage or the penny-farthing bicycle. Both cash and check are gradually being seen as quaint relics of a disappearing era.
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