Kategori: Bookkeeping

What is a proforma invoice: Everything you need to know

It’s not legally binding since it doesn’t demand payment, and it can also be used for quoting prices, as part of negotiation, or for customs purposes in international trade. A proforma invoice is typically used for importation customs cases or as a prelude before issuing a commercial invoice. The non-binding nature of a proforma invoice […]

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What Is A Brokerage Account?

Financial planners often recommend, first and foremost, contributing at least enough to a company’s 401(k) plan to earn the company’s match, if possible. A brokerage account is a key part of your financial plan, as investing in markets is one of the best ways to achieve long-term growth. It’s important that you work with a […]

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Investing 101: A Complete Guide to Investing Basics

A brokerage account is an investment account that allows you to buy investments like stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Remember, though, that an account minimum differs from an investment minimum. An account minimum is the amount you need to deposit into the brokerage account just to open it. Where should you open […]

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Deloitte US Audit, Consulting, Advisory, and Tax Services

Think about who’s in your local network to reach out to (for example, professional membership or religious organizations, chambers of commerce, Business Network International, etc.). If you set up a home-based office and plan to have business-related professionals come to your home, you will need to determine what type of business-related liability and/or property insurance […]

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Accounting Consultant Meaning, Role, Pros & Cons of Hiring

If you’re selling your consulting services through an accounting firm or management firm, you may not have to look very far for consulting clients. If you’re putting up a new independent contractor shingle, you will need to market and sell yourself to various companies and individuals in order to bring in the new consulting engagements. […]

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7 2: Describe and Explain the Purpose of Special Journals and Their Importance to Stakeholders Business LibreTexts

The cash receipts journal is used to record all receipts of cash (recorded by a debit to Cash). In the preceding example, if Baker Co. paid the $1,450 owed, there would be a debit to Cash for $1,450 and a credit to Accounts Receivable. A notation would be made in the reference column to indicate […]

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