by admin_wp_lp2m | Oct 24, 2023 | Bookkeeping
If a business does not own an office premise it may decide to hire a property and make periodical payments as rent. Such a cost is treated as an indirect expense and recorded in the books with a journal entry for rent paid. The party receiving the rent may book a...
by admin_wp_lp2m | Oct 10, 2023 | Generative AI
WhatsApp Business API for customer and sales That translates to a better customer retention rate, which in turn helps drive better conversions and repeat purchases. Options range from blocking the bots completely, rate-limiting them, or redirecting them to decoy...
by admin_wp_lp2m | Sep 20, 2023 | Bookkeeping
Because they are based in the future, contingencies might or might not result in liabilities. Also, the disclosure and acknowledgment of commitments and contingencies attract investors as they will be able to access future cash flows based on expected future...
by admin_wp_lp2m | Jul 13, 2023 | Bookkeeping
Under the first in, first out method (FIFO), the cost of the first unit to enter inventory is charged to expense first. In an inflationary environment, the least expensive (oldest) inventory items are charged to expense first, which tends to inflate the reported...
by admin_wp_lp2m | May 17, 2023 | Cryptocurrency exchange
Though tax rules vary for different locations and businesses, here are some points that apply to digital currency in the United States. The first step in the process is to set up a merchant digital wallet. Some even automate button generation where you need to fill...