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ZarMoney allows salons to accept ACH payments, ensuring a smooth and convenient client payment experience. This feature simplifies the reconciliation process, reducing potential discrepancies and promoting accurate financial records. By having the ability to limit access to essential information, you ensure your salon’s information security, reinforcing trust in your salon business. Accept ACH Payments The

Y/E (The accounting abbreviation for year-end) – Signifies the company’s closing month of the accounting year. NET (Net income) – A https://www.bookstime.com/ measure of a company’s profitability calculated by subtracting its expenses. MTM (Mark-to-market) – Mark-to-market accounting is a method to determine the value of an asset that can fluctuate over time. Average Collection Period

This can be done either using the weighted average method, standard costing method, or the first-in-first-out (FIFO) method. It is usually good accounting practice to carefully select the process costing method that best meets a business’s needs. In a process costing system, an item cost is determined by tracking the cost of each stage Accounting