Category Archives: Bookkeeping

The sales include all tangible assets, not fixed assets like tools and machinery. Oxford Dictionary defines income as ‘money received, especially on a regular basis, for work or through investments’. Thus, income can be simply referred as the money that … Continue reading →

But under FOB selling point, the buyer is the owner of the in-transit inventory, making them liable for the shipment. Also known as “pipeline inventory,” goods in transit refers to the amount of finished goods ordered from a supplier or manufacturer … Continue reading →

Loans exist to help retailers get started, survive tight financial periods and take advantage of growth opportunities when cash-flow is lean. They’re available so you don’t join the 82% of small businesses who shut up shop because of poor cash-flow management. Let’s … Continue reading →