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Bookkeeping

Accounting for Sales Commissions: Financial Impact and Reporting

This approach not only rewards high achievers but also encourages consistent effort across the sales team. The method of calculating commissions can vary widely, from a flat percentage of sales to more complex tiered structures. For example, a flat percentage is straightforward to record, while tiered structures may require more detailed tracking and calculations. These…

Accounting for Sales Commissions: Financial Impact and Reporting

This approach not only rewards high achievers but also encourages consistent effort across the sales team. The method of calculating commissions can vary widely, from a flat percentage of sales to more complex tiered structures. For example, a flat percentage is straightforward to record, while tiered structures may require more detailed tracking and calculations. These…

The Pastor’s 5-Step Guide to Church Chart of Accounts

In a ministry world already filled with spiritually and emotionally exhausting responsibilities, caring for your church’s finances can be a huge mental weight. Whether you’ve dealt with church accounting before or you’re brand new to the game, it’s wise to employ the help of church accounting software. There is no shortage of accounting software out…

11 Best Freelance Accounting Experts Hire in 48 Hours

They will also review their existing projects and ensure all deliverables are on track and answer any questions or concerns from clients. As a freelance accountant, your day will vary depending on the business you are working for, but here is a general overview of a freelance accountant’s schedule. As long as you have accounting…

Cashiers Check Vs Money Order

You can also purchase an indemnity bond from select insurance companies, but it’s not easy to get one, so safeguard the cashier’s check like you would cash. A money order is another form of payment that provides more security than a personal check. Here’s how a cashier’s check differs from a personal check, certified check…