When preparing an invoice for a client, in some cases you must charge sales tax. To calculate the sales tax due, you first have to gather information from the state's finance bureau and carefully ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...

An accounts payable understatement causes inaccurate profit and loss information on your business financial statements. Understatements are a result of data input errors in accounting software. There ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. David is comprehensively experienced in many facets of financial and legal ...