by How To Set Up | Feb 12, 2026 | Uncategorized
An indirect tax charged on goods and services at the point of sale. The business collects it on behalf of the government. Must be reported and remitted regularly.
by How To Set Up | Feb 11, 2026 | Uncategorized
Income earned from performing services rather than selling physical goods. Examples include consulting, rentals, or legal services. Recognized when the service is performed.
by How To Set Up | Feb 11, 2026 | Uncategorized
Requires expenses to be recorded in the same period as the revenues they help generate. This prevents mismatched reporting of costs and income. Essential for accurate net income measurement.
by How To Set Up | Feb 10, 2026 | Uncategorized
A unified view combining results from multiple entities, locations, or accounts. Useful for multi-branch businesses or holding companies. Provides top-level insights without needing to run separate reports.
by How To Set Up | Feb 9, 2026 | Uncategorized
Revenue from long-term service agreements, such as annual maintenance or IT support. Recognized gradually as services are performed. Provides a stable income stream.
