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What is Property, Plant, and Equipment (PP&E) in Accounting?
Property, plant, and equipment (PP&E) refers to a company’s long-term tangible assets that are used in its operations to generate…
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Tipped Minimum Wage: What It Is & Rates by State
Tipped minimum wage is the lowest amount that businesses, like restaurants and resorts, can pay their tipped employees. Currently, the…
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What Is the Bullwhip Effect? Causes, Examples & Impacts
The bullwhip effect occurs when small changes in customer demand cause large changes in ordering and inventory upstream in the…
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Restaurant Insurance Cost & Coverage for Your Business 2024
Restaurant insurance is a policy, or combination of policies, that protects restaurants from financial harm. This harm can be to…
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Maternity Leave Policy & Laws (+ Free Templates & State Guide)
A maternity leave policy covers employee eligibility and maternity leave duration, along with benefits and other details associated with your…
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Employee Attendance Tracker: What It Is & How to Use One [+ Free Template]
An employee attendance tracker is a way to track employee attendance, tardiness, absenteeism, and time off—a major part of managing…
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Bad Debt Expense Journal Entry, Methods & Examples
Bad debts are uncollectible customer invoices that have already been recorded as revenue. The correct bad debt expense journal entry…
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What Is an EFT Payment? How It Works for Small Businesses
In a nutshell, electronic fund transfer (EFT), sometimes called “pay by bank,” is a broad term used to classify all…
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Closing Journal Entries: Definition, Process & Example
What are closing entries in accounting? Closing entries are journal entries that reduce the balances of all revenue and expense…
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What Is Return Fraud? A Small Business Guide
Return fraud, also called refund fraud or refund theft, is the deceptive practice of returning merchandise or abusing a return/refund…
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