An allowance for doubtful accounts is also referred to as a contra asset, because it’s either valued at zero or it has a credit balance. In this context, the...
So August 1st comes around, and no cash pays the loan off, pays us all the money. Well, we’re going to receive $16,000 plus the interest, which we calculated...
The balance sheet essentially is a picture of your startup’s financial position at a given moment in time. Assets are what the business owns, liabilities are what it owes and equity...
By utilizing these tools, you will not only gain an objective view of the operations of your payment processing services but also empower yourself with the knowledge to make...