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This is done to help track the number and dollar amount of these types of transactions.Sales accounts deal with customers and sale transactions Sales Returns and Refunds Sales Allowances Sales DiscountsPurchase accounts deal with suppliers and purchase transactions ...
It is crucial for tax professionals to know when they can charge contingency fees based on tax refunds or savings you get for your clients. Our article explains the rules from SARS, the situations where such fees are allowed and how to set up agreements to keep things clear and fair, maint...
Accounts Receivable Bookkeepers need to be accurate, detail-oriented, and have strong customer service skills. Responsibilities include: - Collecting payments - entering payments into system accurately, processing refunds and handling adjustments. - Resolving payment disputes and tenant inquiries as well ...
Empower your customers to access and manage all their transactions from one central place. Multi-lingual invoices Create invoices in your customer's language for effective communication. Inventory Add the items and services you offer to your inventory, and the details will be auto-populated when you...
Our Services Single Returns -$30 Family Returns (Couple) -$50 Self Employed Returns -Starting $100 Corporate Tax T2 -Starting $500 You can now E-file your returns for faster refunds as low as 10 business days. We are here to provide you the most accurate and reliable services at an aff...
Miscalculated quarterly anticipated tax payments frequently result in refunds. You must forecast your revenue to accurately calculate quarterly projected tax payments. It's nearly impossible to do so without accurate accounting and solid financial records. Right Way to Select Accounting Service Providers Af...
Core principle: Recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. When? How much? The entity satisfies a performance obligation by ...
Customer refunds, etc. Example of a Provision in Accounting To put theory into practice, let’s check out a business example of a provision for bad debt, and how it gets recorded as ajournal entry. Assume company XYZ begins business on January 1st and makes most of its sales on account....