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Net sales already have discounts, returns and other allowances already factored in. Net sales is the sum of a company’s gross sales minus its returns, allowances, and discounts. They can often be factored into the reporting of top line revenues reported on the income statement. If the deductions aren’t on the income statement, you’ll find […]
Content Bookkeeping is key for small business growth The Role of Bookkeeping in Preparing for Franchise Audits and Inspections Double-entry bookkeeping versus single-entry Start your 3-day free trial today! Introduction to Bookkeeping What is the purpose of bookkeeping? Evidence of financial record keeping has been found in Mesopotamia, Babylon, Sumer and Assyria as far back […]
Content California Tax Facts California State Tax: Income Taxes California Motor Vehicle Taxes California Income Tax Calculator 2022-2023 California Tax Rates, Brackets, and Standard Deductions Payroll tax California’s high property values lead to high property taxes, even under Proposition 13, the 1978 voter-approved initiative that limits property taxes. California has the highest corporate tax rate […]
