Account reconciliations are inevitable for any business. The only difference is in the frequency. Usually, the bigger the company, the more frequently you need toreconcile the bookswith your bank statement—monthly, weekly, or even daily. Smaller businesses can go through the process every month o...
Along with the growth of economy and society, more and more remarkable changes are brought to my hometown. Now, I will highlight some of these developments in my hometown. One of the most noticeable changes in my hometown is the development of infrastructure. New roads and bridges have been...
A proforma invoice (or a pro forma invoice, preliminary invoice, or simply proforma) is a preliminary bill of sale sent to a client before work is completed. Unlike a typical invoice, it’s a commitment to goods or services that haven’t yet been delivered. A proforma should include the ...
Monthly Management Fee: You can expect to pay between 8 to 12% of the monthly rental income of the property. Depending on the rental amount, some companies may instead charge a $100 or higher, per month flat rate. That said, confirm whether this fee is on the rent collected or the ren...
A monthly expense report created by an employee is for reimbursement of all of their expenses made on behalf of the company during the period of one month. Employees may also submit expense reports at the end of a business trip instead of accumulating expenses for the entire month. Businesses...
Then the amount is recorded as a debit in commission expenses and a credit in commissions payable. The next period, when the salesperson is to be paid, commissions payable is changed to debit and the commissions expense is now a credit. Then the actual payment is recorded as a debit for ...
initial expenses that may come up during their work for your business in some instances. However, any prepayment to contractors should be discussed beforehand to ensure you understand what they are charging for, how much you are prepaying, and the schedule for making the remainder of the ...
By making every day payday, millions of EWA customers are successfully avoiding the late fees, overdrafts, and credit traps that typical pay periods drive people into. So whatever pay period your employer uses, if you have a W2 income, you can get paid as you work — up to $150/day ...
Are you contributing to your 401(k) account at work? Make sure you're getting the most out of your investment! Ramsey Solutions Retirement What Is Asset Allocation? 7 min read Wondering what asset allocation has to do with reaching your investment goals? How about everything! Let’s dive ...
A monthly expense report created by an employee is for reimbursement of all of their expenses made on behalf of the company during the period of one month. Employees may also submit expense reports at the end of a business trip instead of accumulating expenses for the entire month. Businesses...