Net Payment – “Net 7”
The payment of accounts receivable can be protected either by a letter of credit or by Trade Credit Insurance. Credit terms are the payment requirements stated on an invoice....
What’s the Difference Between Gross vs. Net Income?
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Some companies receive revenue from interest, royalties, or other fees. Revenue may refer to busin...
Salary Calculation, Gross to Net Salary, Net to Gross Salary
Take-home pay is the net amount of income received after the deduction of taxes, benefits, and voluntary contributions from a paycheck. It is the difference between the gross income less all deductions. Deductions include federal, state and local inc...