Content Defining the Terms What is FOB shipping point example? Difference between CIF and FOB Why should you care about FOB terms? Examples of FOB Shipping Point What does FOB in shipping mean? The seller can record a sale as soon as they ship the goods to their loading dock. The determination of who will …
Content Notes Receivable Do You Debit or Credit Accrued Interest? What are trade receivables? Is accounts receivable an asset or liability? Chaser Components of a Note Receivable Balance Sheet Reporting and Disclosures: Assets-Accounts Receivable Many companies categorize liquid investments into the Marketable Securities account, but some can be accounted for in the Other Short-Term Investments …
Other Current and Noncurrent Assets, Including Notes Receivable Financial Accounting Read More »
From properties and contracts to finances and client information, it can be easy to feel overwhelmed. One question you may be wondering is whether you need a personal account for your business. However, there are a few important things to keep in mind when making this decision. Recognizing and adhering to IFRS ensures that real …
10 Best Accounting Software for Real Estate Businesses 2025 Read More »
Companies should establish systems to track and document all shipping processes. Technology like GPS tracking, RFID tags, and automated inventory systems allows real-time monitoring of goods. Access to real-time data enables businesses to identify and address issues quickly, minimizing financial reporting impacts. Regular audits and reconciliations of inventory records against physical counts help detect and …
Law firms must adhere to the rules and regulations governing their area in order to remain compliant. It is essential for business owners to familiarize themselves with the compliance regulations specific to their jurisdiction before starting a law firm. By focusing on these KPIs, bookkeepers can provide valuable insights to law firms, helping them optimize …
Bookkeeping for Attorneys Best Practices for Law Firms Read More »
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