For instance, you can use the software to track your inventory levels and ensure that you’re not overstocking on products that aren’t selling. Salon accounting refers to tracking the total income that gets into the business and using it to extract crucial information bookkeeping for hair stylist about the business's profitability. It’s one aspect of…

Since the note has matured, the holder or payee removes the note from Notes Receivable and records the amount due in Accounts Receivable. For example, the maker owes $200,000 to the payee at a 10% interest rate, and pays no interest during the first year. Under the termed conditions of a convertible note, which is…