Book inventory accounting is based on the last physical inventory conducted within a business unit. The count is used as a basis to add purchases and subtract cost of sales in order to calculate the current ‘ending’ inventory. Use the &ld... Read more
If the deposit held is $1,000.00 and the applicable interest rate is 1.7%, then the interest payment due is $17.00. A customer deposit is usually classified as a current liability, since the company typically provides services or goods within one yea... Read more
You may end up spending the deposit by accident which would make it hard for you to return it. Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the mater... Read more
We offer special pricing for copper wire and cables to electricians in the area. View some of the special prices below and find out how to get them.Market trends and price changes are updated every day on the iScrap App. Joining thousands of scrapper... Read more
If you prefer to opt out, you can alternatively choose to refuse consent. Please note that some information might still be retained by your browser as it's required for the site to function. For freelancers and SMEs in the UK & Ireland, Debitoor adhe... Read more
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue fro... Read more
As such, each of these types of costs will need to be accounted for across a company’s financial reporting in order to ensure proper performance analysis. Subtract the total sales discounts from the gross sales revenue you earned in the period ... Read more
When one institution borrows from another for a period of time, the ledger of the borrowing institution categorises the argument under liability accounts. Expense accounts run the gamut from advertising expenses to payroll taxes to office supplies.Fo... Read more
Proceeds may cover only the fair market value of the asset. If the insurance policy carries a coinsurance clause, you are required to carry insurance to cover at least 60% of the asset’s fair market value. Accounting regulations and standards a... Read more
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
