If the activity or the property is not included in either table, check the end of Table B-2 to...

If you deduct only part of the cost of qualifying property as a section 179 deduction, you can generally...

For example, dental practice management and payroll service software are essential tools for many dentists. When you open your...

If you’re not making many sales or gathering an abundance of data, an ERP platform may not be helpful...

The allowance method of accounting allows a company to estimate what amount is reasonable to book into the contra...

A contra asset is paired with an asset account to reduce the value of the account without changing the...

The sales returns account contains either an allowance for returned goods, or the actual amount of revenue deduction attributable...

Mismanagement of contra-revenue accounts can lead to inaccuracies in financial reporting and affect a company’s profitability. In summary, the...

It travels down the esophagus and into the stomach where about 20 percent of the alcohol is absorbed through...

In a normal circadian rhythm, hormones are released at certain times throughout the day. Alcohol interrupts this process, causing...