All three of the deductions are considered contra accounts, which means that they have a natural debit balance ; they are designed to offset the sales account. But they’re not the only sales metrics you should analyze and monitor regularly. You... Read more
The right product depends on who you are and what you need – but regardless, you want the best. I’m sure loads of freelance writers have questions such as these. Add a date that shows when you submitted the invoice to. Read more
You can check the status of your refund and get a more exact date after that time by visiting the IRS website. As for your state tax return, you'll most likely have to report it, but you’ll want to check with. Read more
It's much simpler to stick to expense so you only have to make one entry. In casual conversation, raw materials and supplies for your company can mean the same thing.But things can get tricky when dealing with office supplies, office expenses,. Read more
The due date for these 2022 payments are April 15, June 15, September 15, and January 16 . Almost everyone is required to file a personal tax return using Form 1040, and this includes business owners who run a pass-through business. Read more
Fixed assets refers to the assets, whose benefit is enjoyed for more than one accounting period. Fixed assets can be tangible fixed assets or intangible fixed assets. As per matching concept, the portion of asset employed for creating revenue, needs ... Read more
The ratio is an indication of a firm’s market liquidity and ability to meet creditor’s demands. In many cases, a creditor would consider a high current ratio to be better than a low current ratio, because a high current ratio indicates. Read more
Standard Costs — To assist in monitoring productive efficiency and cost control, managerial accountants may develop standards. These standards represent benchmarks against which actual productive activity is compared. Importantly, standards can be de... Read more
If abuse is present, it changes how IRS will view other factors including the knowledge factors. The non-requesting spouse’s alcohol and drug abuse can be considered abuse of the requesting spouse. Abuse of the requesting spouse’s child i... Read more
Or maybe you belong to a shaving club that is supposed to send razors each month. If your fruit arrives spoiled, or razors broken, the logical first step is to contact the retailer to attempt to rectify the situation. This is. Read more
