![]() ![]() If you connect your PayPal Business account, each payment will be recorded directly to your Debitoor account and matched automatically. By subscribing to one of our larger plans you can upload a bank statement that will then match each payment to the corresponding invoice or expense. Matching and Debitoorĭebitoor has aimed to make matching as simple as possible by automating the process. The matching principle allows an asset to be distributed and matched over the course of its useful life in order to balance the cost over a given period. For example, when the accounting periods are monthly, an 11/12 portion of an annually paid insurance cost is added to prepaid expenses, which are decreased by 1/12 of the cost in each. Assets (specifically long-term assets) experience depreciation and the use of the matching principle ensures that matching is spread out appropriately to balance out the incoming cash flow. A deferred expense (prepaid expense or prepayment) is an asset used to costs paid out and not recognized as expenses according to the matching principle.
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