Memo debit definition

The term “memo” should then drop off your online bank statement. When a customer pays too much, the extra can be offset with a debit memo. This allows the accounting department to clear it out by sending the memo back to the customer. If the extra amount in a customer’s account is the result of […]

Small Business Taxes For Beginners

You’ll do this by filing a new Form W-4 with your employer and filling out the line on the form for the additional withholding amount. Note that if your adjusted gross income last year was more than $150,000, the prior-year percentage increases to 110%. So if your income taxes were $5,000 last year, you’ll need […]

Bookkeeper and Accounting for Gyms

Accurate records enable the gym management to track revenue trends, monitor expenses, and identify areas for cost optimization or potential opportunities for growth. Financial statements such as the income statement, balance sheet, and cash flow statement provide a comprehensive overview of a gym’s financial performance. Using a platform like Exercise.com can help automate some of […]