In contrast, current payments have more value because they can be invested in the meantime. It’s also important to note that the value of distant payments is less to purchasing companies due to economic factors. The sooner a payment is owed to you, the more money you’ll get for that payment. For example, payments scheduled […]
Category Archives: Bookkeeping
How To Calculate Net Sales: A Guide To Understanding The Net Sales Formula and Calculation
Net sales, on the other hand, subtracts deductions—hence the distinction between net and gross. To calculate your net sales, you first need to calculate your gross sales. Net sales represent the total amount of revenue Retail Accounting generated from the sale of goods or services after deductions for returns, discounts, and allowances. Net sales are […]
Bookkeeping 101: Bookkeeping Basics for Small Businesses
Bookkeeping is concerned with the recording of financial events, while accounting is collecting, analyzing, interpreting, and presenting historical data as a report in terms of money value. Double-entry bookkeeping is the most extensive and popular process of keeping financial records. Although bookkeeping with Excel is a great solution for small businesses just starting out, it […]
