Archives de la catégorie : Bookkeeping

The 6 Ways to Grow a Company

For others, breaking even — when income equals expense — is considered success, particularly for industries with high startup costs. For example, a new restaurant might be considered successful if it can cover all its costs and build a loyal customer base. By leveraging the value stick, you can create a business strategy that provides…

What is a Debit Memo in Accounting? Simple Definition, Examples and Templates

If the buyer had paid the invoice, he issued a debit note to request his money back. The company acting as the seller might issue a debit memo after sending an incorrect invoice. Doing so notifies the buying company that their accounts payable will increase to rectify the unpaid amount. A debit memorandum is a…