Do You Have to Calculate Settlement Discounts on Credit Notes? Following on from our BLOG on ‘How to Calculate Settlement Discounts’, someone sent us this interesting question: A settlement discount of 2.5% was offered to a client if payment was made
Explanation of Production Budgets: Dealing with Rejected Items In the AAT Level 4 Budgeting unit, there is normally a question on production budgets that includes working out production levels where there is % of production that is rejected. On the majority
How do you to Calculate Settlement Discounts? PLEASE NOTE, HMRC INTRODUCED NEW RULES IN APRIL 2015 – TO UPDATE YOURSELF ON THE NEW RULES, PLEASE SEE OUR BLOG HERE Whilst there are new rules in place, you still have to know how
So, how do we prepare a Bank Reconciliation? The cash or bank account in a company’s general ledger is where all of our cash/bank transactions are recorded. So, the payment side of the account will include details of all the cheques
Here’s how to post the Cash Receipts Book: PLEASE NOTE: If you are interested in learning how to post and balance off the AATs 3-COLUMN CASH BOOK (a key task in the current AQ2016 syllabus exams), please click HERE. ‘Posting the
Journals – one of the trickiest topics in double entry bookkeeping! Which account gets debited and which account gets credited? There are two types of journals, primary and secondary. Secondary journals are the ones we use to post entries from the
If you treat it as cost, it will be a cost. Just an expense. Spent. If you treat it as an investment, you will want a return from it. You will want to pass your exams. You will want a better job and/or a pay rise. Stick
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