Bookkeeping

June 1st: Franchise Tax Due Date Harvard Business Services, Inc

If you have a Delaware Limited Liability Company (LLC), series LLC or Limited Partnership (LP), then the date of June 1 is critical to your business entity. June 1 is the deadline for paying your company’s annual Franchise Tax fees. The franchise tax fees are imposed by the state of Delaware and not Harvard Business Services,

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Audit Assertions Assertions to test in audit process

All transactions, balances, events and other matters that should have been disclosed have been disclosed in the financial statements. Transactions with related parties disclosed in the notes of financial statements have occurred during the period and relate to the audit entity. Salaries and wages cost recognized during the period relates to the current accounting period.

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Guide to Accounts Payable Turnover Ratio Formula & Examples

By incorporating technologies like Highradius’ accounts payable automation software, you can streamline your operations and improve efficiency. Measures how efficiently a company collects payments from its customers by comparing total credit sales to average accounts receivable. To improve your AP turnover ratio, it’s important to know where your current ratio falls within SaaS benchmarks. From

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