Inventory that a company has in stock is not considered a cash equivalent because it might not be readily converted to cash. Also, the value of inventory is not guaranteed, meaning there's no certainty in the amount that'll be received for liquidating the inventory. This...
Additionally, some states have economic nexus laws that require businesses to collect sales tax if they have a certain level of sales or transactions in the state, regardless of physical presence. If you need to charge sales tax and manually calculate it, the sales...
ContentU.S. Department of the TreasuryDepartment of RevenueReceive GAO UpdatesIncome Tax FormsLanguage assistanceTax Time Guide: Payment options available for those who oweNOTICE Municipalities Filing Timely 2021 Fiscal Year Police Jurisdiction ReportsOn what line of my tax return do I enter refund interest received from the Department? On...
ContentExamples of debits and credits in double-entry accountingDoes N26 offer credit cards?Other Credit Card AdvantagesWhat are Debits and Credits?Credit Cards vs. Debit Cards: What’s the Difference? When people discuss debit vs credit, they are usually referring to double entry accounting. More specifically, a debit and credit...
Schedule reports to be generated and emailed daily, weekly, or reconciling invoice payment transactions vs bank deposit transactions monthly. If you reconciled a transaction by mistake, here's how to unreconcile it. If you adjusted a reconciliation by mistake or need to start over, reach out to...
Be sure to ask about all potential fees up front so that you can more easily compare your options. In accounts receivable factoring, a company sells unpaid invoices, or accounts receivable, to a third-party financial company at a discount for immediate cash. With a business...
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ContentAre bonuses taxed differently than regular pay?Itemized DeductionsThe 10 U.S. states where people earning $75,000 owe the most in taxes—none are New York or CaliforniaSmall Business That's why effective tax rates are a better measure of a taxpayer's overall bill, according to the Tax Foundation. There...
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