Category Archives: Bookkeeping

Accrued Income Defined: Why It Is A Game-changer For Your Saas Enterprise

Certified skilled in value, revenue and margin management in B2B companies and e-commerce.Member of the celebrated Skilled Pricing Society. At Valueships, we focus on serving to SaaS corporations navigate advanced pricing and financial metrics and ideas like accrued income. So, accrued income definition is essentially about cash that you have earned but have not bodily […]

Understanding Liabilities: Definitions, Types, and Key Differences From Assets

Both expenses and liabilities are financial obligations, but they differ in terms of when the obligation is due. If your business is registered with the sales tax authority, the sales tax paid on the purchases (input tax) can be claimed from a customer. On the contrary, if the business is not registered with the tax […]

The difference between salary and wages

Tailoring your compensation strategy based on each job position allows you to optimize your workforce management. If you receive a Form W-2 after you’ve filed your return, file an amended tax return, Form 1040-X, Amended U.S. Individual Income Tax Return. For more information on amended returns, refer to Topic no. 308, Amended returns and Should […]

Fob Transport: An In Depth Walk-through

F.O.B. shipping point is broadly used in manufacturing, retail, and e-commerce industries. Nonetheless, it is probably not appropriate for industries dealing with perishable goods or gadgets requiring special handling, where the chance of harm throughout transit is higher. If you’re ordering many products from a single vendor, you may have extra leverage to negotiate FOB […]

Bank Reconciliation Definition & Example Of Bank Reconciliation

But if you’re dealing with a lot of every day transactions, frequent reconciliations can be the difference between confidently operating operations and scrambling to fix a shock shortfall. To make it easier, use technology like bank reconciliation software program or on-line banking instruments. Let’s take a look at a hypothetical company’s bank and monetary statements […]

Bank Reconciliation Definition & Example Of Bank Reconciliation

But if you’re dealing with a lot of every day transactions, frequent reconciliations can be the difference between confidently operating operations and scrambling to fix a shock shortfall. To make it easier, use technology like bank reconciliation software program or on-line banking instruments. Let’s take a look at a hypothetical company’s bank and monetary statements […]

Bank Reconciliation Definition & Example Of Bank Reconciliation

But if you’re dealing with a lot of every day transactions, frequent reconciliations can be the difference between confidently operating operations and scrambling to fix a shock shortfall. To make it easier, use technology like bank reconciliation software program or on-line banking instruments. Let’s take a look at a hypothetical company’s bank and monetary statements […]