Accounting
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Accounting
What Is the Commercial Clean Vehicle Credit & Who Qualifies?
The Commercial Clean Vehicle credit, also known as the IRC §45W credit, is a reduction in tax of up to…
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Accounting
What Is an Invoice Number & How to Design a Numbering System?
An invoice number is a unique and sequential number assigned to each invoice document. Invoice numbers can be purely numeric,…
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Accounting
Amortization vs Depreciation: What’s the Difference?
Amortization allocates the cost of intangible assets or certain prepaid expenses over multiple years while depreciation allocates the cost of…
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Accounting
Accounting Software Implementation Guide [+ Free Checklist]
Switching to a new accounting system is not an easy process, but an accounting software implementation plan can make things…
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Accounting
Current Assets vs Fixed Assets: What’s the Difference?
The main differences between current assets vs fixed assets are their expected lifespan and how easily they can be converted…
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Accounting
How To Track Invoices Using Excel [+Free Template]
To track customer invoices and payments using Excel, you must first create an invoice tracker. Start by creating a spreadsheet…
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Accounting
What Is Form 4797? (+Example)
Form 4797 is used to report sales of business property commonly referred to as section 1231 property. Section 1231 property…
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Accounting
What Is Deferred Revenue? Definition, Journal Entry & Example
Deferred revenue (also called unearned revenue or income) is a liability owed to a customer for the value of goods…
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Accounting
FreshBooks vs Wave: Features & Comparison in 2024
FreshBooks and Wave have many similar features, such as the ability to send unlimited invoices and track unpaid bills. However,…
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