Bookkeeping

But, it’s pretty easy to compute if you have a list of your business expenses at the tip of your fingers. Implicit costs have a direct impact on the profitability and performance of the company. Some common examples of implicit costs are Interest on owner’s capital, salary to the proprietor, etc. which are not actually incurred […]

At a basic level, bad debts happen because customers cannot or will not agree to pay an outstanding invoice. This could be due to financial hardships, such as a customer filing for bankruptcy. It can also occur if there’s a dispute over the delivery of your product or service. What is the exact amount that […]