Category: Bookkeeping

Variable expenses differ from fixed expenses, such as your mortgage or rent, that remain the same throughout the term of your loan or lease. Unlike fixed expenses, variable expenses can change significantly over the course of a week, a month,...

Nanonets can be configured to execute post-processing steps, adeptly managing complex scenarios such as intercompany transactions and multi-currency operations. This ensures that the data feeding into your ERP or accounting software is consistently clean and accurate. This process encapsulates everything...

Here’s the bottom line (pun intended) — both bookkeepers and accountants provide important duties to the overall functioning of a business. The overall function of bookkeeping is to identify, classify, and record all transactions. The level of complexity of the...

The outreach costs the factory $150,000 in salaries, which will be recorded as in-kind donation and expense. With your generous contribution, Together Cancer Center will continue supporting victims of cancer and make a difference in their lives and their families....

It can also lead to some challenges, including a loss of profitability and administrative burdens. Typically, a formula like 2% 10 net 30 is used, where 2% stands for the discount rate if the invoice is paid within the first...

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