For companies in the sales of goods business, it is common practice to offer discounts to costumers. In addition to recording a debit to its accounts receivables, the company would also need to record credit to its sales revenue account. It must be based on an estimate of the number of customers likely to accept […]
Plus, hiring an accounting service or CPA is another expense you need to budget for. We scan all invoices, store them digitally and can provide instant access to all invoice history using our online payables lockbox service. Managers and Boards approve payments https://www.bookstime.com/ online and checks are mailed directly to vendor. Use powerful search functions […]
The argument for funding only a portion is that, frequently, an asset can be renovated rather than replaced thus saving the cost of 100% replacement. If your HOA wanted to update the clubhouse, this renovation project would likely come out of your savings account. Therefore, this renovation work would come out of the HOA reserve […]
In case you need a hand, we’ve got short videos and step-by-step instructions to help you learn how to use QuickBooks. A sales order is a written request that a customer makes for one or more of your products. A sales order represents a payment made but not necessarily a deduction to your inventory, as […]
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