Category: Bookkeeping

On one hand, you can’t spend a savings bond without redeeming it, so the value of your bonds would be considered “safe” from that standpoint. On the other hand, you’ll miss out on earning interest from other sources if your bond goes unredeemed. With inflation as high as it is now, it doesn’t make much…

This could be the case when a business makes sales on behalf of another business. In most cases, the operating expense of a sales commission will be categorised under SG&A (selling, general, and administrative). For the sake of this article and the ASC 606 regulation, we will be focused on the accrual basis method. The…