NATURIST CLUB PARCO DEL GARGANO

Allowance For Doubtful Accounts Definition & How to Calculate it

If you have a significant amount of cash sales, determining your allowance for doubtful accounts based on percentage of accounts receivable collected will give you a higher margin of safety. However, this number might be too conservative and decrease your AR to unrealistic levels. Some companies choose to look solely at credit sales (since cash

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Types of Accounts in Accounting Assets, Expenses, & More

Each general journal entry lists the date, the account title(s) to be debited and the corresponding amount(s) followed by the account title(s) to be credited and the corresponding amount(s). Let’s illustrate the general journal entries for the two transactions that were shown in the T-accounts above. You will notice that the transaction from January 3

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Construction Accounting 101: A Basic Guide for Contractors

The most important thing for a contractor is to get professional help, whether they have experience in the industry or are just starting. Joint ventures are when companies collaborate to pool resources and share risks. However, companies must use an appropriate construction accounting structure from the beginning so that each company’s investments, returns, and profits

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The Complete Guide to Independent Contractor Taxes

Many independent contractors rely on intuition or rough estimates when determining their rates, but this approach often leads to underpricing and lost profit. This includes a signed contract outlining the terms of the relationship and ensuring that the contractor has their own separate business bank account. Finally, understanding the difference between capital assets and operating

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