After contacting the vendor, they accepted the error and issued a credit memo for the overcharged amount. The credit memo [...]

Let’s compare the fixed and variable costs of a few different businesses. Taking into account your fixed costs (easy to [...]

True/False Reversing the order of two numbers is a transposition error. True/False If you discover an error before posting, a [...]

Slipped into the bill in conference committee, however, was 393 pages of legislation that have been progressively affecting 501(c)(3) and [...]

The value of investments and income from them can go down as well as up and you may lose some [...]

With the uncertain nature of the real estate business, you can use your OPEX to identify predictable costs related to [...]

The state’s laws regarding pollution are very strict, but organizations are generally held to a stricter standard than individuals. The [...]

Accounts Payable is a term used to describe the amount of money owed by a business to its suppliers or [...]

But if you want to raise tax rates on the rich and big corporations to fund schools or other essential [...]

See the "Profit-and-Loss (P&L) report" definition to learn how this metric affects your business and shows up in your financial [...]