For small and midsized businesses (SMBs), a healthy financial situation can be make or break. Unlike larger businesses, smaller enterprises often have[…]
When written on an invoice, “net 30” simply means that the customer has 30 days from the date of the invoice in which to make payment. If, for example,[…]
Gross profit is the money a business has remaining after it has paid off the direct costs of manufacturing a product or service.
Devaluation is the value of an asset to a business over the useful lifetime of that asset. There are three ways to calculate depreciation, but in essence,[…]
Yes! The government requires banks to report all cash deposits greater than $10,000.
