Cash or Accrual Basis Accounting? Always Do This!
Among design professionals, there’s a bit of controversy surrounding the filler text. Controversy, as in Death to Lorem Ipsum. The strength of lorem ipsum is its weakness: it doesn’t communicate.
Among design professionals, there’s a bit of controversy surrounding the filler text. Controversy, as in Death to Lorem Ipsum. The strength of lorem ipsum is its weakness: it doesn’t communicate.
Most small businesses need some capital to get started, and oftentimes it’s the business owner putting their own money into the business. Later on when the business owner takes money
Among design professionals, there’s a bit of controversy surrounding the filler text. Controversy, as in Death to Lorem Ipsum. The strength of lorem ipsum is its weakness: it doesn’t communicate.
Any business that buys and sells products has inventory. eCommerce businesses by definition have inventory. If you look at a simple retail business, they buy products from a wholesaler or
This is a special election a business can make to take advantage of the full expenditure as a deduction in the first year. Most companies will elect to do this
A purchase order is just that and nothing more. It’s an order to purchase something. No money has changed hands, and no expense has been incurred. Accordingly, a purchase order
I woke up this morning and remembered that a client who recently agreed to pay me for some extra work had never paid me for it. So I looked it
Cash Basis Accounting means income and expenses are only recorded when paid. In the strictest sense, this means no accounts receivable and no accounts payable exist. In theory, this means
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