This allows for a more precise understanding of what money may be lost. She estimates that approximately 2 percent of her credit sales may come back faulty. Credit sales carry a great deal of risk despite their convenience, including processing fees. Bad credit expense refers to purchases that go uncollectedRead More…

Let’s take a look at how to calculate accounting profit and learn about other related metrics. If the company’s only overhead was a monthly employee expense of $5,000, its operating profit would be $3,000, or ($8,000 – $5,000). Accounting profit, also referred to as financial profit or bookkeeping profit, isRead More…

For example, imagine a dental office buys a year-long magazine subscription for $144 ($12 per month) so patients have something to read while they wait for appointments. At the time of the payment, the dental office sets up a prepaid expense account for $144 to show it has not yetRead More…

When exploring these alternatives, consider factors such as cost, flexibility, impact on customer relationships, and alignment with your business model. Each option has its own set of pros and cons, and the best choice will depend on your specific circumstances and financial goals. On SoFi’s marketplace, you can shop topRead More…