Lưu trữ Danh mục: Bookkeeping

How to Calculate LIFO and FIFO: Accounting Methods for Determining COGS Cost of Goods Sold

The accounting method that a company uses to determine its inventory costs can have a direct impact on its key financial statements (financials)—balance sheet, income statement, and statement of cash flows. The tax burden on labor is broader than personal income taxes and payroll taxes. In many countries, individuals https://www.business-accounting.net/ also pay a value-added tax […]

Invoice factoring: What it is and how it works

When you factor invoices, the factoring company becomes responsible for collecting payment from your customers, saving you time and resources. And don’t worry – factoring companies won’t relentlessly pursue your customers, either. When you work with a company like UCS, your customers won’t even know you sold the invoice. It’s much easier to qualify for […]