Taxes are typically one of the final deductions before arriving at net income. This refers to the cost of borrowing money, including loan interest payments and the cost of lines of credit. These include rent, utilities, marketing, administrative salaries, software subscriptions, and other operational expenses. Net losses are expected for a start-up business. They keep […]
Category Archives: Bookkeeping
By masking fluctuations in revenue and expenses, businesses might present a misleading image of their operations. These documents, often considered the lifeblood of any business, play a pivotal role in decision-making processes for investors, analysts, and stakeholders alike. When used prudently, it can provide stability and reassurance to investors, but when employed deceptively, it can […]
A loan received is a liability on a company’s balance sheet, usually payable in one year. To create the sales journal entry, debit your Accounts Receivable account for $240 and credit your Revenue account for $240. What accounts are involved in a sale of inventory journal entry? Journal Entries for Loan Received Detailed view of […]
In most commission models, this compensation is added on top of the employee’s base salary as a monetary incentive. Give your sales reps visibility into their earnings and reduce time spent answering questions. She received a bachelor’s degree in business administration from the University of South Florida. Based in St. Petersburg, Fla., Karen Rogers covers […]