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What Is Supplier Relationship Management? Why & How to Do It
Supplier relationship management (SRM) is the set of practices and approaches that a business uses to create and maintain a…
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What Is an NFC Payment & How Does It Work?
NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices—like Apple…
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Business Vehicle Depreciation for Cars, SUVs, Vans & Trucks
Business vehicle depreciation is severely limited for cars, smaller SUVs, trucks, and vans with an unloaded weight of under 6,000…
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What Is Inventory Reserve? Purpose & Use in Accounting
Inventory reserves are estimates for inventory losses due to physical deterioration, obsolescence, theft, and other unforeseen causes—they are not the…
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What Does Code 150 Mean on an IRS Transcript?
Code 150 on an IRS transcript means that the IRS has accepted your return for processing and has created a…
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RESPA Violations: Definition, Examples & How to Avoid Them
The Real Estate Settlement Procedures Act (RESPA) was established in 1974 by the US Congress to protect against unfair business…
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What Is Code 766 on an IRS Transcript?
When transcript code (TC) 766 appears on an IRS transcript, it generally means a refundable credit has been applied to…
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What Is Payroll Fraud + How to Detect & Prevent It
Payroll fraud occurs when a worker cheats the system to get a higher paycheck. Small businesses are more likely to…
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What Is Debt Service Coverage Ratio & How to Calculate It
The debt service coverage ratio (DSCR), or debt coverage ratio for short, is a financial measure of a company’s ability…
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What Is Dropshipping & How It Works in 2024
The Significance of Dropshipping Dropshipping is a business model in which orders placed on a retailer’s site are actually fulfilled…
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