A Real Account is a General Ledger account that is not closed at the end of a period or at the end of the accounting period. The balances of Real Accounts are carried forward to the next year as the opening balance. A Liability Account is a Real Account.
Take control of your business finances with confidence! Our detailed brochure provides insights into how Remote Books Online can help you maintain accurate bookkeeping, stay tax-ready, and make informed financial decisions. Discover how our tailored bookkeeping services can support your business growth and simplify your financial management.