It prevents you from running out of stock, especially on particularly popular items. Read on to see why safety stock is necessary and how to get it right for your business. All your products, customers, orders and transactions synced and secure in th... Read more
And, if you're ready to move forward, find out if we're a good fit to make sure our professional relationship is a smooth, seamless, and highly productive match. Sure it sounds like we're the end-all be-all to your problems, but that's honestly the w... Read more
A sole proprietor’s equity balance is increased by capital contributions and business profits, and is reduced by owner’s draws and business losses. An owner’s draw refers to an owner taking funds out of the business for personal use... Read more
Your travel expenses for business are 100% deductible, except for meals, which are limited to 50%. If your trip combines business with pleasure, then things get a lot more complicated; in a nutshell, you can only deduct the expenses related to the bu... Read more
Return on sales is a financial ratio used to evaluate a company's operational efficiency. Return on average assets is an indicator used to assess the profitability of a firm's assets, and it is most often used by banks. ROE will always tell a differe... Read more
I am uncertain as to how the bank is responsible for the check in any way. For more information about this service, visit the Paper Check Services setup page or contact your account executive. Harold Averkamp has worked as a university accounting ins... Read more
Benzinga's financial experts take a detailed look at the different types of savings accounts for 2021. Write “pay to the order of…” and name the person/institution who will receive the money. Some institutions will not honor the check if ... Read more
Form T2200S is filled out by you, while Form T2200 is filled out by the employer. You will need to fill it out for any employees who worked from home and wish to claim the deduction under the detailed method. Depending on what you sell, you may need ... Read more
When you pay insurance for your bakery’s delivery van, that’s COS. Both these expenses are directly related to your business—you incur them in the process of making money. The overhead expenses vary depending on the nature of the business... Read more
The responsibility accounting system is based on the idea that proper management should take place as closely to the departments as possible. The officer and executive level should not be in charge of the day-to-day operations of the individual depar... Read more
