That means if a customer comes to your Dropshipping store and purchases a mug Accounting for Churches from you, you would be required to collect and pay sales tax on that order. The South Carolina retailer is only registered in […]
Drop Shipping and Sales Tax: Definition and Tax Implications
Keeping accurate financial records and consulting a tax professional can ensure proper reporting and payment. But because drop shipments involve one customer, two businesses, two sales transactions, and often two or three states, they tend to complicate sales tax compliance […]
How to calculate cash flow to creditors?
Cash flow to creditors (CFC) is a key metric in financial analysis that reflects a company’s ability to manage and repay its debts. It tells us how much cash a company generates to cover its loan payments and interest expenses. […]
Cash Flow To Creditors Formula
It solely examines the cash transactions related to creditors and ignores other vital aspects such as operating expenses and revenue generation. By considering these factors, you can gain valuable insights into how a company finances its operations and manage its […]
Financial Leverage Ratios to Measure Business Solvency
Content When to Use Financial Leverage What Is Financial Leverage? (And How Do Companies Use It?) Financial leverage should be tracked by all businesses Risks of Financial Leverage How do you calculate the financial leverage index? Financial leverage has two […]
What is a statement of retained earnings?
Content Management and Retained Earnings Improve Accounting and Financial Management With Software The Statement of Retained Earnings Equation Advantages of the Statement of Retained Earnings 5 Statement of Changes in Equity (IFRS) and Statement of Retained Earnings (ASPE) How to […]
Do I Need a Personal Accountant?
Contents: What small businesses should consider before hiring an accountant Businesses Under $750k Skills and qualifications to look for in an accounting professional Can I hire an accountant in another country? You’ll also want to include more incremental costal or […]
Understanding The Normal Balance of an Account
By adding this journal entry, the accounting equation remains in balance. The same thing happens when we record revenue earned on the account; we credit the Sales Revenue account (its normal credit balance), and we debit Accounts Receivable. Nail the accounting basics […]
ATL Costs
Once you sign a certain star or director, you’re stuck with the cost of that person for the duration of the picture. We designed this FREE Film Business Plan Course to be sent once per week to break the process […]
Above-the-LineATL vs Below-the-LineBTL Expenses
It’s a prime example of how business practices from one industry can reshape terminology and organizational structures in another, fundamentally changing how we approach production budgeting today. However, operating income does not include items such as other income, non-operating income, […]