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  • By Team Nomisma
  • Sep 16 2020

The difference between a debit note and a credit note

What is a debit note? A debit note, sometimes referred to as a debit memo, is a document r…

  • By Team Nomisma
  • Sep 16 2020

Your 'margin of safety': What is it and why is it important for the running of your business?

What is the ‘margin of safety’? The margin of safety is the difference between your antici…

  • By Team Nomisma
  • Sep 16 2020

Revenue expenditure and capital expenditure explained

What is revenue expenditure? Revenue expenditure is the amount spent or expense incurred, on a …

  • By Team Nomisma
  • Sep 16 2020

What is activity-based costing (ABC) and how does it work?

What is Activity-based costing (ABC)? Activity-based costing (ABC) is defined as a technique f…

  • By Team Nomisma
  • Sep 16 2020

What is a 'remittance advice', and does your business need to produce them?

What is a remittance advice? A ‘remittance advice’ is a document or note to a supplier sent…

  • By Team Nomisma
  • Sep 16 2020

What is 'profit margin' or 'net profit margin ratio'?

Introduction to net profit margin Net profit margin, also known as ‘profit margin’ or ’n…

  • By Team Nomisma
  • Sep 16 2020

The 'reducing balance method' of depreciation: how it shows an asset's declining value

What is the reducing balance method? The reducing balance method of depreciation, also known as d…

  • By Team Nomisma
  • Sep 16 2020

VAT registration numbers: how to search for company VAT numbers in the UK?

What is value added tax (VAT)? VAT stands for value added tax. It is a 20% sales tax levied on…

  • By Team Nomisma
  • Sep 14 2020

AML software for accountants in practice

If you’re an accountant providing services to clients, it’s your legal obligation to kee…