Prepaid insurance is treated as the asset of the firm and is recorded under the Asset side of the balance sheet. Likewise, the journal entry for the insurance
Lucid Financials also uses AI analytics to uncover margin improvement opportunities. It analyzes expense patterns, suggests revenue strategies, and forecasts cash flow to help businesses make smarter decisions.
Furthermore, an invoice sent by mail also counts as an external document, even if it is printed independently. You should use invoices to inform a customer that a
