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FOB shipping point transfers ownership at the seller's dock; FOB destination, at the buyer's — and the term decides revenue timing, freight, and cutoff.
A bad-leaver exit can claw back vested founder shares at cost. Negotiate narrow cause, good-reason rights, and file IRS Section 83(b) in 30 days.
The gross method books purchases at full invoice price; the net method books them minus the discount and flags misses as Purchase Discounts Lost expense.
An invoice requests payment, a receipt proves it, and a bill is the buyer's name for the invoice — each books to a different account.
Kumon charges a flat ~$40 per student per subject while Mathnasium takes 10% of gross — model both against your market's tuition before you sign.
Assets and expenses increase with debits; liabilities, equity, and revenue increase with credits — the accounting equation sets every account's normal side.
Product costs ride with inventory onto COGS at sale; period costs hit profit now — misclassifying either shifts profit between months.
Private companies can amortize goodwill over 10 years, skip VIE consolidation, and simplify swap accounting — all inside GAAP.
A quiet title action clears liens, heir claims, and recording errors by court order — uncontested suits take 2-6 months and cost $1,500 to $5,000.
Tier 1 caps raises at $20M with state review and no audit; Tier 2 reaches $75M with preempted blue-sky laws, audited financials, and ongoing reports.
Remittance advice tells your supplier which invoices a payment covers — invoice numbers, discounts, and credits included — so cash applies cleanly.
Schedule C is for businesses, Schedule E for rentals and K-1s, Schedule F for farms — and the wrong schedule can cost 15.3% in self-employment tax.
