by My Pharmacy & Optical | Feb 22, 2023 | Bookkeeping
Keep in mind that the mortgage interest can only be deducted if the mortgage is a secured debt, where the home is put up as collateral. Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Using the example above,...
by My Pharmacy & Optical | Feb 22, 2023 | Bookkeeping
This transparency is crucial for maintaining trust and ensuring that the financial statements provide a true and fair view of the company’s financial position. When you sell land, the first step is to determine the price at which the land was sold, and subtract from...
by My Pharmacy & Optical | May 3, 2022 | Bookkeeping
For example, you could work full-time at a restaurant, but also make and sell crafts in your spare time. Therefore, when you calculate your monthly gross income, you need to include all of the earnings you make, including any additional sources of revenue. Knowing how...
by My Pharmacy & Optical | Apr 27, 2022 | Bookkeeping
You may also see individual expenses as a percentage of net income or sales. Each small business creates and uses an income statement (profit and loss statement) to show the income and expenses of the business for a period of time. The format and content may vary...
by My Pharmacy & Optical | Jun 23, 2021 | Bookkeeping
See how PTO Genius saves you time and money while preventing burnout and compliance issues. Try our next-generation time off tracking, automation, and compliance platform for free today. What’s more, unlimited PTO has to be administered fairly and consistently, but...
by My Pharmacy & Optical | Jun 22, 2021 | Bookkeeping
The Fair Labor Standards Act (FLSA) does not require payment for time not worked, such as vacations, sick leave or federal or other holidays. These benefits are matters of agreement between an employer and an employee (or the employee’s representative). In some...
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