by How To Set Up | Sep 26, 2025 | Uncategorized
A customizable format used to issue billing documents to customers. It includes elements like logo, terms, and payment instructions. Consistent templates enhance professionalism and brand recognition.
by How To Set Up | Sep 22, 2025 | Uncategorized
Represents ownership interest in a corporation. Issued shares grant voting rights and residual claim on profits. Equity increases when stock is sold to investors.
by How To Set Up | Sep 20, 2025 | Uncategorized
Represents the cost of real estate owned by the business. Unlike other assets, land is not depreciated because it does not wear out. It retains or increases value over time.
by How To Set Up | Sep 18, 2025 | Uncategorized
A category for uncommon obligations not classified elsewhere, such as deferred compensation or contingent liabilities. Used sparingly. Helps avoid clutter in reporting.
by How To Set Up | Sep 18, 2025 | Uncategorized
The estimated selling price of inventory minus costs of completion and selling. Ensures inventory is not overstated. A conservative valuation method.
