Contractors charge an hourly rate for labor and an agreed-upon markup percentage on materials. General contractors need an efficient way to bill clients and track payments for various project components. This invoice template simplifies the process by categorizing expenses, making it easy to manage costs and ensure accurate financial reporting. This construction billing method charges […]

Companies that buy inventory from a supplier are often allowed to pay the debt at a later date. In this case, the business is purchasing something on credit from the merchant, who essentially becomes a lender. Understanding SaaS accounting is essential to managing your business effectively, making informed decisions, and navigating the complexities of growth […]

Excessive current liabilities relative to industry norms may suggest operational inefficiency, resulting in valuation discounts. Conversely, companies that efficiently manage current liabilities may command premium valuations due to superior working capital management and enhanced cash flow generation capabilities. Treasury departments forecast current liability settlements to ensure adequate cash availability. This process, often called cash flow […]

This legal doctrine allows courts to hold directors or shareholders personally liable for corporate misconduct in specific circumstances, particularly where a company’s separate legal personality has been abused. With the enactment of the Companies Act 71 of 2008, there is a codified pathway for piercing the corporate veil in South Africa. Here’s what individuals and […]