Category Archives: Bookkeeping

Holidays, weather, sporting events, and political events are just a few. Gift cards have a largely positive impact when you sell them, but they negatively impact cash as they’re redeemed. And, as restaurant owners and operators have recently learned, a pandemic with government restrictions can test even the most successful operations. And in fact, after he died, they had saved his brain and then shipped it to Boston, where one of the best brain labs […]

This accounting treatment is important because adding costs to inventory means the buyer doesn’t immediately expense the costs, and this delay in recognizing the cost as an expense affects net income. Furthermore, once the goods leave the port of origin, the seller has limited control over the shipment and may face delays during transit. This can raise questions about their ability to meet delivery deadlines and is a significant risk for FOB Destination transactions. Sellers should have […]