by Alice BALBAY | Feb 16, PM | Accounting & Software Solutions
Introduction to VAT (Value-Added Tax) What is VAT and How Does it Work? VAT, or Value-Added Tax, is a consumption tax levied on the price of goods and services at each stage of production or distribution. Unlike a sales tax, which is only charged on the final sale to...
by Alice BALBAY | Feb 15, PM | Accounting & Software Solutions
1. The Basics of VAT Registration Numbers 1.1 What Is a VAT Registration Number? A VAT registration number is a unique identifier that tax authorities provide to businesses and entities involved in taxable sales within the territory where VAT (Value Added Tax) is...
by Alice BALBAY | Feb 15, PM | Financial Fundamentals & Profit Analysis
Understanding the Basics of Financial Reporting The Importance of Accurate Financial Reports In the world of business, accurate financial reports are the backbone of credibility and decision-making. They provide critical insights into an organization’s financial...
by Alice BALBAY | Feb 14, PM | Accounting & Software Solutions
What is VAT and How Does It Work? Value-Added Tax (VAT) is a consumption tax levied on a product repeatedly at every point of sale at which value has been added. It is prevalent in more than 160 countries, and understanding its fundamentals is crucial for business...
by Alice BALBAY | Feb 3, PM | Financial Fundamentals & Profit Analysis
1- Understanding the Basics of Financial Statements Defining Financial Statements Financial statements are comprehensive reports that provide an overview of a business’s financial condition. They are important for internal decision-making, as well as for...