Allowance for Doubtful Accounts Calculations & Examples

Two prevalent methods to determine the uncollectible accounts are the percentage sales method and the accounts receivables aging method. The purpose is to prepare the business for bad debts and get a realistic picture of the percentage of accounts receivables out of the

Read More

Albert Einstein’s Philosophies For Growing Wealth

Because of individual freedom, cherished by Einstein, we are able to build wealth for ourselves. In some countries, if our parents were poor servants, we’d be poor servants, too, without any economic mobility. There is no question that Einstein enjoyed the personal freedom

Read More

Franchise Accounting: Complete Guide for 2024

Compliance with tax laws and regulations is essential to avoid penalties and fines. It’s important to stay updated on changes in tax laws that may impact the franchise business. This involves monitoring updates from tax authorities and engaging the services of tax

Read More

Accounts Receivable Automation AR Automation Software

It supports various functions such as creating and distributing invoices, processing payments, sending payment reminders, reconciling accounts, and analyzing AR data. A good top 10 best mac accounting software for your small business accounts receivable workflow reduces the

Read More