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The five main types of accounting include cost accounting, financial accounting, forensic accounting, management accounting and tax...

The last four lines of an income statement typically include: Operating Income – earnings before interest and taxes. Interest and Taxes...

Oregon does not have a general state sales tax. As of 2020, the new corporate activity tax also started providing additional funding for...

VRLT is an annual tax and is assessed on the previous year's occupation of the property. For example, VRLT in 2025 is based on a...

The best AI accounting software depends on your needs, but popular options include QuickBooks Online, Xero, and FreshBooks. They use AI...

Semi-monthly means getting paid twice a month, usually on fixed dates like the 15th and last day. You receive 24 paychecks per year...

One application of SAP software is enterprise resource planning (ERP) that is applied by companies to control functions such as finance...

Employee Benefit Trust (EBT) refers to a legal series in which a business organization puts up assets or stocks in a trust panel to gain...

A ledger balance would be the balance in a bank account as of the close of the prior business day. It contains everything cleared both...

Contra revenue refers to accounts or transactions that reduce a company's total revenue. These accounts are recorded as offsets against...