Accounting / July 19, 2018 / Holly Mercer
Sales is the exchange of products or services for money, either paid for now or in the future. When your business provides a product to a customer in exchange for consideration, the business has made a sale and can report that sale on its financial statements. Sales form the beginning of the income statement, and all expenses are subtracted from the total amount of sales to show the profit from the business.
As a businessperson, the commercial lease you sign for your business is one of the most important documents you'll ever create. Take the time to learn the clauses you should expect to see in any commercial lease and what those clauses mean.
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