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As you’ll see in the table above, the details of the simplified invoice on the right have some differences from those of the qualified invoice on the left. In particular, the name of the entity receiving the invoice is not required. In addition, either the total amount of sales tax or...
established by GAAP (Generally Accepted Accounting Principles) and require that companies report all costs associated with all revenues. For some companies, this may seem like an incomplete picture of how they are really doing however and they may want to add more than what is minimally required....
An additional parameter has been added to the Trial balance list page. It allows for more concise analysis of data and is also required for regulatory reporting in some countries/regions. Use the new Global general journal page. Not available New Global general journal page to enter ge...
It is the importer that takes a risk of business. If the exporter does not deliver goods on time, quantity and quality according to the contract or even fails to receive all goods, the importer would be in a passive position. Payment on Delivery (Post T/T) ...
Exchange Traded Fund (EFT): An exchange-traded fund (ETF) is a type of investment that allows individuals to buy and sell baskets of investments in a certain sector or market. ETFs will be comprised of multiple stocks and balanced per the pro...
The coinsurance clause will only be in effect at the event ofpropertyloss. During a loss, the insurance limit and the required amount to be used for insurance based on the coinsurance percentage are compared and must have a ratio equal to or greater than one, else, a penalty will be g...
EFTs explained: A guide to EFT payments and how they work Credit card surcharges explained: What businesses need to know Ready to get started? Create an account and start accepting payments – no contracts or banking details required. Or, contact us to design a custom package for your bu...
The Clearing House Interbank Payments System differs from the Fedwire transaction service in several respects. First and foremost, it is cheaper than the Fedwire service, albeit not as fast, and the dollar amounts required to use this service are lower. CHIPS is the main clearing house for larg...
As a hypothetical example, assume that one trader buys an index futures contract. Theinitial marginrequired to hold this trade overnight is $6,160. This amount is held as a "good faith" assurance that the trader can afford the trade. This money is held by the clearing firm, within the ...