Permanent accounts, also known as real accounts, are long-term accounts that carry forward balances from one accounting period to the next. These accounts include assets, liabilities, and equity accounts, and their balances are not closed at the end of each accounting period. Permanent accounts provide a continuous record of a company’s financial position over time.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
