ChexSystems is a reporting agency that monitors business and consumer deposit account activity. It operates similarly to credit reporting agencies when producing a credit score. If you have negative bank activity—such as bounced checks, overdrawn balances, and fraudulent or suspicious activities—these will appear on a ChexSystems report. Negative items on a report can keep you…
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What Is a Receiving Report? Example, Purpose & Types
A receiving report (RR) is a formal document used to record the arrival and condition of goods ordered from a supplier.
An RR is essentially a confirmation and record of what was received against what was ordered and acts as a verification document before the accounts payable (A/P) department processes payment to the supplier. It ensures the goods were received as ordered before releasing funds. Receiving Report Example In our RR example above, Roy’s Burger House…
What Is Auto Lease Inclusion & How to Calculate
The auto lease inclusion is a reduction to allowable automobile lease payment deductions.
While the naming convention implies that something is included in income, the auto lease inclusion is a calculated amount by which lease payment deductions are reduced. The reduction is triggered if the lease duration is 30 days or more and the fair market value (FMV) of the vehicle exceeds the threshold amount that the IRS…
What is Angi? (+ Costs, Features, & Best Alternatives)
Angi (formerly Angie’s List) is an online directory where homeowners can search for home-related services in their area, like plumbers, landscapers, and home cleaners. Conversely, it’s also a platform where home service providers and businesses can list their services and attract clients. Keep reading to learn more about what is Angi, how it works, and…
How Much It Costs to Advertise on Google
How much does it cost to advertise on Google? In 2024, the average cost is $4.66 per click. However, this varies depending on the keywords your ad is targeting, your industry, and your overall ad campaign budget, among other factors. But one of the best things about Google Ads is that they’re suitable for any…
Net Working Capital: What It Is & How to Calculate It
Net working capital (NWC) is used to determine the financial health of a business by calculating the difference between a company’s current assets and current liabilities. You can use NWC to evaluate a company’s financial trends, growth projections, and solvency. You can use our calculator below to determine your company’s NWC. If you’re looking to…
QuickBooks ProAdvisor Preferred Pricing Program
The QuickBooks ProAdvisor Preferred Pricing Program offers QuickBooks ProAdvisors special pricing and discounts on various QuickBooks products and services. The eligible products are QuickBooks Online, QuickBooks Payroll, QuickBooks Time, and QuickBooks Bill Pay. ProAdvisors have three options to choose from—ProAdvisor Discount, Direct Discount, and Revenue Share—and they can choose only one program for each client….
What Is Upselling? Steps, Best Practices & Examples
Upselling is a sales technique or process of suggesting a higher-valued product or service to new or existing customers at a point of sale. The idea is that a customer is already in the buying mindset and could be easily convinced to upgrade to something better at that moment. This technique is generally used just…