Bookkeeping

The allowance for uncertain accounts is then used to approximate the proportion of “uncollectible” accounts receivable (A/R). Credit Score sales all include a point of risk […]

The allowance for uncertain accounts is then used to approximate the proportion of “uncollectible” accounts receivable (A/R). Credit Score sales all include a point of risk […]

If a manufacturer turns its inventory six times per year (every two months) and allows customers to pay in 30 days, its operating cycle is approximately […]

Retained earnings represent the amount your business owns after paying expenses and dividends for a specific time period. Temporary accounts are used to record accounting activity […]

Under the FLSA, you must pay non-exempt employees overtime for all overtime hours they’ve worked, even if you didn’t approve the overtime in advance. Calculate your […]