EFTs can be a one-time payment such as buying a pair of sneakers, or they can be recurring transactions such as a biweekly payroll deposit. If an EFT service limits the frequency or dollar value of EFTs, then, in general, the service must clearly disclose that information to consumers. The sender can be anyone, such […]
The two accounting methods used to handle bad debt are the direct write-off method and the allowance method. While the direct write-off method doesn’t label a transaction as bad debt until it’s deemed uncollectible, the allowance method estimates ahead of time how much bad debt the business anticipates and records it in the sale period. […]
ARR is also a great measure to compare the performance between different businesses. By comparing the ARR of two companies, businesses can gain a better understanding of which company is more successful in terms of customer retention and revenue growth. This can be especially useful for businesses that are considering entering a new market or […]
