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What is Surcharging?

Lockstep

Surcharging is an accounting term that refers to the practice of charging an additional fee for accepting a payment processed through a credit card. Although surcharging is not currently allowed in all countries, it is a perfectly legal method of payment in many jurisdictions.

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Free Small Business Expense Tracking Spreadsheet

xendoo

Legal & professional – Consults with lawyers, accountants, and other professionals. When you’re tracking expenses or any finances, you’ll come across accounting terms like gross revenue, net income, and gross income. Contract labor – This is for businesses that hire freelancers or contract employees. .

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Save Money with These 8 Empowering Questions About Your Business’s Budget

inDinero Accounting

Accounts payable and receivable. Want a little more information about what these terms mean? Read our blog on a business owner’s Top 7 Accounting Terms & Equations. Schedule a chat with one of our business accounting experts today. Return on equity. Turnover rate.

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FAQs Business Owners Need to Know About The 3 Essential Financial Reports

inDinero Accounting

If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak. So put down your phone and grow your business!

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Natural Disasters and Their Impacts on Resorts: Strategic and Insurance Accounting Considerations

Withum

Since the exact amount of the insurance claim is determined by the insurance policy terms and the assessed losses or damages, it is not always known until later in the process. In accounting terms, an insurance claim represents a gain contingency.

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Best business banks of 2023

xendoo

Pros Cons Includes a wide range of business checking and loan options Its checking account terms can be difficult to compare Offers merchant services like payment processing and point-of-sale options for a fee Monthly deposit limits are low with a complex tracking method 9.