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Category: Bookkeeping

Where do worker compensation insurance costs get reported on the financial statements?

The amount you pay for workers’ compensation is a specific rate for every $100 of your payroll. Your premium is determined by the type of work done by your employees (classification rate), your experience modification rate (claims history), and payroll (per $100). Employer’s liability insurance, which is typically included in a workers’ comp policy, provides […]

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Whats an Invoice? Definition, Uses, Types, and More

An invoice is a document used to itemise and record a transaction between a Supplier and a buyer. A simple invoice definition is that it’s a commercial document issued by a seller telling the customer what they purchased and what they need to pay. An invoice is a document submitted to a customer, identifying a […]

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New IFRS accounting standards effective after 1 January 2024

It may initially attract customers, but it is not sustainable or financially viable for a company in the long run. By examining these factors, businesses can make informed decisions regarding the suitability of 2/10 Net 30 and its potential impact on their financial operations. The availability of early payment discount terms, such as 2\10 Net […]

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Best Bookkeepers in Las Vegas Nevada Bookkeeping Services

Everything was fast and Tim and his team contacted us many times throughout the process to make sure we understood everything.» You can also ask an bookkeeping las vegas accountant to provide proof of their license and credentials. QuickBooks and other bookkeeping software give you a tool to do your own bookkeeping. Since 1983, the […]

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