GAAP is an acronym for Generally Accepted Accounting Principles (GAAP) which is a set of guidelines and standards for how businesses should account for their transactions.
PayPal is a global e-commerce business allowing payments and money transfers to be made through the Internet. It was founded in 1998 by Peter Thiel, Elon Musk, Luke Nosek, Ken Howery and Max Levchin. PayPal had its IPO on February 15, 2002 and was once owned by eBay until 2015 when it became a separate […]
Etsy is an online marketplace that allows anyone to sell their handmade or vintage items. Etsy is the world’s leading peer-to-peer ecommerce site for buying and selling unique goods from around the world. They have a unique, user-friendly system that makes selling on Etsy easy and affordable. Founded in 2005, Etsy has become a top […]
Small businesses are encouraged to grow but are often not given the same financing opportunities as larger corporations. For example, when it comes to business loans. It is much easier for a large established business entity to get financing. One option that a business can utilize to help raise capital is by considering accounts receivable […]
Invoices are a common part of doing business. If you’re purchasing an item from someone, they will provide the invoice with the terms for making payment. This article will explore the terms for when you’re going to be paying someone. We’ll discuss two main types of invoices: the ones with payment terms that are discussed […]
A Bill of Lading (abbreviated as BoL) is a document which serves as proof that goods have been delivered. It also specifies the terms and conditions under which those goods were shipped. The BoL may be required for Customs clearance, or it might simply be used for domestic transport purposes. Courts rely heavily on the […]