Credit Memo: How To Record & Issue It?

In this example, Company XYZ acknowledges the issue with the laptop and approves a credit memo of $1,000 to compensate John Smith for the defective product. The credit memo clearly states the reason for the credit, the amount being credited, and the date of issuance. Company XYZ sells electronic devices and recently received a customer...

Read More

Earnings Per Share Learn How to Calculate Basic and Diluted EPS

But before we discuss stock dividends, let’s review the basics of cash dividends. By the time a company’s financial statements have been released, the dividend is already paid, and the decrease in retained earnings and cash are already recorded. In https://accounting-services.net/how-are-dividends-paid-when-there-are-dividends-in/ other words, investors will not see the liability account entries in the dividend payable account....

Read More

The Definitive Guide to Microsoft Excel for Real Estate A CRE

Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning. To limit what exact inputs or what kind of inputs a user https://accounting-services.net/foundations-of-real-estate-financial-modeling/ can enter, Excel has the Data Validation feature. I should also note that this combination of INDEX() and MATCH() is...

Read More

Definition of Bill of Materials BOM Gartner Information Technology Glossary

They are created to support the unique requirements of each stage of the product development lifecycle. By using the right kind of BOM for each stage, manufacturers can streamline their operations and guarantee the success of their products. A Bill of Materials helps to make sure you have everything needed for production to keep it...

Read More