MD AL Amin

Once the percentage is determined, it is multiplied by the total credit sales of the business to determine bad debt expense. A bad debt expense is a financial transaction that you record in your books to account for any bad debts your business has given up on collecting. Companies write off or deduct business bad

Like QSRs, fast food restaurants might have a tip jar (or digital equivalent) for either counter workers or all employees to share at the end of a shift. However, most fast food chains like McDonald’s don’t allow their workers to receive tips. If your fast food restaurant is an exception, clearly define who is eligible

Some of your markets have sustained you, while some of your markets may be draining you. But we also may find that a market segment or two is totally impacting your bottom line by sucking up too many resources. In this case, we will encourage you to eliminate those non-profitable markets so that you can

Bernard met his wife, Lu Ann, in Los Angeles while visiting business franchises for his work. When Shauna is not working what she enjoys most is being a wife and the mother of three children. You can also ask an accountant to provide proof of their license and credentials. Answers to commonly asked questions from

A balance sheet can help you decide whether your business can meet all its financial obligations. It’s necessary to keep track of your cash payments if you want to have accurate bookkeeping. When you don’t account normal balance for your transactions properly, it can put you and your whole business at risk. The same can