When you hear the term “accrued expenses,” it’s important to know that this refers to any type of business expense that has been incurred but has not yet been paid. For example, if your company enters into a contract to have work done next month, the cost of that work would be considered an… Continue reading What Are Accrued Expenses? Examples, Definition, How to
What are Net 30 Payment Terms? Definition, Examples, Pros, Cons
Net 30 payment terms and its variants are payment term options that make purchasing more attractive. They can balance out getting paid and being able to pay for orders, especially big ones. They help both sides by giving some leeway for payments. Payment terms detail the various ways, times, and means for businesses… Continue reading What are Net 30 Payment Terms? Definition, Examples, Pros, Cons
