By selling receivables, you’re transferring to the factor the rights to collect the amount due from your customers, plus you agree that certain fees will be deducted. The image below shows the comparison between dynamic and traditional discount programs. Under the traditional discount program,…
Whether new to BlackLine or a longtime customer, we curate events to guide you along every step of your modern accounting journey. F&A teams have embraced their expanding roles, but unprecedented demand for their time coupled with traditional manual processes make it difficult for…
Owner’s equity refers to the total value of the company that’s held in the hands of owners, including founders, partners, and stockholders. Retained earnings refer to the company’s net income or loss over the lifetime of the enterprise (subtracting any dividends paid to investors)….
This problem can be avoided by designing the system to only need information from the most supportive managers. Activity-based costing is best explained by walking through its various steps. The pre-sale work is essential for the organisation and the department converts 46% (16,000/35,000) of…
It works reverse in the winter by pulling heat from the outside to discharge it into the house. In HVAC drawings, symbols are provided with short forms or letters, and these details are found in the abbreviations table. As seen in the image, the…
If you are the company loaning the money, then the “Loans Receivable” lists the exact amounts of money that is due from your borrowers. This does not include money paid, it is only the amounts that are expected to be paid. Let’s give an…