Because the bank and the exporter have an existing relationship, the bank is knowledgeable of the buyer’s creditworthiness, assets, and financial status. When the company pays the margin account, they have to record LC margin account and credit cash paid. In the modern business day, it is normal for the business to allow the buyer…

General and administrative costs are rarely reported separately; it’s fairly common to see these two costs reported together. Selling expenses are listed in the form of “marketing,” and “general and administrative” has an individual line item. Below is an overview of SG&A, including examples, how it is accounted for, and how it differs from other…

Additionally, it can help to build goodwill with vendors when they see that the company is prepared to do business with them on a regular basis. All in all, company petty cash can be a helpful tool for keeping businesses running smoothly. Sometimes, the petty cash custodian makes errors in making change from the fund…

Additionally, it can help to build goodwill with vendors when they see that the company is prepared to do business with them on a regular basis. All in all, company petty cash can be a helpful tool for keeping businesses running smoothly. Sometimes, the petty cash custodian makes errors in making change from the fund…

Still, investors are looking for future iPhone growth, and many analysts say a potential iPhone with artificial intelligence features could do the trick and help the company snag customers from Android. This is why some companies rely on the perceived value of a product when determining price rather than basing the price on a margin…

And unless you have the budget to hire an in-house accounting department, you might not know what your options are in terms of making sure your bookkeeping gets done properly and on time. It’s important to consider market rates when pricing your bookkeeping services. If you live in an area with many bookkeepers, you may…

And while flush times may make it easier to put off that kind of reorganization, some of the major issues facing the profession may require wholesale change. Both AI and the broader idea of digital transformation can boost firms in a number of different ways. As Jay Rasmus, a partner at MahoneySabol in Glastonbury, Connecticut,…

Intuit will also provide a webcam, headset, USB hub, Ethernet cable, backdrop, and VPN token. Many of the processes, policies, and procedures include detail-oriented tasks to ensure financial accuracy. While bookkeepers can sit for the CB exam sections in any order, AIPB recommends taking part one before scheduling part two. To maintain certification, you need…