Bookkeeping
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FEIN vs EIN: What’s the Difference?
Should you have a social security number, the IRS will often provide the EIN right away online to you or…
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Outstanding Check- What Is It, Examples, Vs Deposit In Transit
Businesses that mishandle these kinds of accounting situations are effectively in violation of the law. For a business, this could…
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Outstanding Check: Definition, Risks, and Ways to Avoid
This transaction is to reverse back the original transaction which we credit cash while the actual cash at bank does…
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How do I write off old outstanding checks?
A common problem for the payer is keeping sufficient cash in a bank account to pay off all outstanding checks,…
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Overview and Differences between FOB Shipping Point and FOB Destination
Incoterms 2020 considers delivery as the point when the risk of loss or damage to the goods is transferred from the…
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FOB Destination Vs FOB Shipping Point Explained
Since the manufacturer still has ownership, they take full responsibility and must either reship the machinery or reimburse the buyer.…
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Payment arrears to contractors hits quality of roadworks, storm-water drain projects in Chennai
Often, however, they don’t realize that their payments reflect a previous pay period, especially if their work schedules are consistent.…
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Understanding ‘Paid in Arrears’: Guide to Billing and Payment Practices
When the bill becomes overdue—say 30 days past the due date for payment—the account falls into arrears and the account…
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Best Accounting Software for Amazon Sellers
Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. This…
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