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To be qualified for deduction, business meal and entertainment expenses must be directly associated with the active conduct of a trade or...

Achieving a high-level performance on payroll is no easy, but one minor mistake can make your job harder than it already is. Business...

Being an entrepreneur or business owner in today’s world requires you to be a know-it-all, can do anything kind of person to run your...

The cash basis and accrual basis of accounting are two different methods used to record accounting transactions. The core underlying...

TABLE CONTENT Balance Sheet Profit & Loss Account Key Differences between Balance Sheet and Profit & Loss Account Conclusion The two...

Take a moment to look at the tallest building in your city. Think about what’s going on inside it. You could imagine employers...

An estimate is a document that the contractor gives to a customer, showing how much they would like to charge for services they are going...

As a business owner, you need to make sure that you can track every inventory put into your business. Every transaction, money coming in...

Accounting and financial management is a challenging task in all industries. TABLE OF CONTENT Cash Basic Job Costing Percentage of...

On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts...

Most businesses sell to their customer on credit . That implies, they sell and deliver goods or services quickly, send an invoice, then...

Explore the essentials of Inventory and Cost of Goods Sold (COGS), crucial for businesses dealing in physical goods.