The primary concern of having a sales account is that it increases the credibility in business transactions. Reliability is of importance, especially in large and medium scale businesses where several transactions happening every day are enormous. In such cases, whenever asked, the company should be able to produce the details of the transaction. After all, […]
Category Archives: Bookkeeping
An expense write-off will usually increase expenses on an income statement which leads to a lower profit and lower taxable income. Accounts written off are those invoices to customers that are considered uncollectible, and which have therefore been removed from the accounts receivable account. Doing so reduces the accounts receivable report to just those customer […]
An expense write-off will usually increase expenses on an income statement which leads to a lower profit and lower taxable income. Accounts written off are those invoices to customers that are considered uncollectible, and which have therefore been removed from the accounts receivable account. Doing so reduces the accounts receivable report to just those customer […]
Contents: What are the certifications among bookkeeping requirements? Remote bookkeeping qualifications include: Ready to Use Your Bookkeeper Job Description? thoughts on “How to Become a Bookkeeper” Laura Chapman holds a Bachelor of Science in accounting and has worked in accounting, bookkeeping and taxation positions since 2012. She has written content for online publication since 2007, […]
Content Understanding A Static Budget What Are The Advantages Of A Flexible Budget? Accounting Articles Identify Which Costs Are Variable And Which Costs Are Fixed Advantages Of Flexible Budgets The Top 25 Tax Deductions Your Business Can Take Analyzing flexible budget variance enables companies to carefully monitor margins and ensure revenue is optimized. It can uncover […]
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For example, a factor may want the company to pay additional money in the event one of the company’s customers defaults on a receivable. If the customer doesn’t pay in 30 days, you’d need to continue paying the factoring fee until they do pay. This is why factoring receivables could end up getting much more […]
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Companies with high turnover rates can typically generate cash quickly. As a restaurant manager or owner, it’s necessary to be familiar with their inventory turn and the inventory turnover definition. This includes how many days your inventory is held on average and how it compares to others in your industry. It quantifies the frequency of […]
Transactions will appear in your books automatically, and you can say goodbye to manual receipt entry. Easily create, customize, and send professional invoices while on-the-go. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. David Axler is the Chief Strategy Officer, focusing on formulating, communicating, […]