Accounting
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Accounting
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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Accounting
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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Accounting
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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Accounting
Pro Forma Invoice vs Commercial Invoice: A Quick Comparison
A pro forma invoice and a commercial invoice look almost identical, but a pro forma invoice is only informational while…
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Accounting
6 Best Spend Management Software in 2024
The best spend management software should help businesses plan spending before it occurs. It must allow its users to set…
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Accounting
What is a Purchase Order Number? Key Components & Importance
A purchase order (PO) number is a unique identifier assigned to a PO document This document outlines a buyer’s intent…
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Accounting
What Is a Pro Forma Invoice? Uses & Included Information
A pro forma invoice (also proforma invoice) is a preliminary invoice sent to the buyer before the delivery of goods.…
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