Let’s review the basics of sales commissions to help you get started in your selection. The transaction will reduce the deferred commission from balance sheet to the income statement. Therefore, sales commissions are not assigned to the cost of goods held in inventory or to the cost of goods sold. This will help to ensure…

Mastering Assets, Liabilities & Equity: A Guide for Entrepreneurs Your Site Title Perhaps you drive a Ferrari, or maybe you simply ride a bicycle. Yes, a financed car is still an asset because you own it and can use it to generate business value. However, you also have a corresponding liability for the remaining loan…

Hawaii law allows businesses to pass on the tax to the consumer in similar fashion to a sales tax. Starting in 2013, Georgia now imposes a one-time title ad valorem tax (TAVT) on all vehicles sold within the state (both dealer and private sales are included in this tax). However, Georgia no longer charges sales…

The Internal Revenue Service allows for any home that is not your private residence to be considered a second home. For example, the second home mortgage interest deduction rules are different if you rent the property out for most of the year than they are if you don’t rent it out at all. If you’d…

No Payee Specified: How a Blank Endorsement Works A blank endorsement is when the person who receives a check simply signs their name on the back of it without adding any additional instructions. The most familiar example of a blank endorsement is a check made payable to cash and endorsed on the back with the…

Translate written words Computer Google Translate Help You get to journey’s end feeling fresh and with plenty left in the tank both metaphorically and literally. Premier Edition looks particularly fetching with its two-tone livery and polished black alloys. It’s a great shape too and looks low and wide with an attractive rump, making it as…

Intertextuality: Definition, Meaning & Examples Constitution’s “We the people” or the Declaration of Independence’s “unalienable rights.” Indirect costs are vital for maintaining efficient business operations and accurate financial management. Indirect costs cover various expenses that support overall business operations rather than specific cost objects. Through these methods, intertextuality helps establish a dialogue between the texts.…

Invoice vs Bill: Whats the Difference? Business owners have an obligation not only to their customers, but to themselves, to develop literacy with the financial instruments they will use every day. Pay attention to these two common errors so they never get in the way of your cash flow. Follow these tips to make sure…

Most acquisitions occur on a cash-free, debt-free basis – the result is that cash and cash equivalents are not included in the calculation of working capital. Too low, and the buyer will have to inject additional cash into the Certified Public Accountant business after closing. In any acquisition, a buyer will want to know how…

Online POS Terminal uses a PIN pad to process EMV payments from your PC or laptop. Orbital® Virtual Terminal helps you to manage online, telephone, or mail order payments. Track Two Track Two information, stored on the magnetic stripe on the back of a card, has the account number and expiration date. Submission A file…