What is an inventory?

The meaning of inventory is the set of articles or merchandise that accumulates in the warehouse pending to be used in the production process or sold. Another definition of inventory linked to the economic sphere is the ordered list of goods of an organization or person, in which in addition to stocks, other types of … Read more

What does “In sight” mean?

A document, sentence or fact is in view when it can be claimed at any time. In the case of the economía, in sight it refers more to deposits or credits that do not have an established due date. In this type of case, the person who must be responsible for the payment must undertake … Read more

What is the CPI?

The Consumer Price Index (CPI) is that index that collects the change in prices, month by month. Through the CPI you can assess the cost of living through items such as food, housing, transportation, health care, entertainment, clothing and other expenses. It collects the price increase of a consumer basket, also known as a "family … Read more

What is investing?

It is an action that consists of using capital in an entrepreneurial activity with the objective (expectation) of obtaining a benefit, additional profit or income. Any expense can be considered an investment if it is intended to achieve a return on investment. In other words, investing is spending wisely. This economic term has several definitions … Read more

What is the IP address?

The definition of IP address is the number that identifies a device on a network, be it a computer, router, printer, etc. It is the acronym for 'Internet Protocol'. These devices, when integrated into a network, will be identified through a unique IP number in that network. It will be made up of four numbers … Read more

What is an incentive?

When we talk about this term, we are referring to a general concept that alerts us to the urge to want or do something. Specifically, the incentive is what drives us to want or do something, whether it be something real (monetary or in kind) or something symbolic (something representative for exchangers). When we are … Read more

What are initial expenses?

The concept of initial expenses in the financial field refers to the budget that runs a company before undertaking a project. For the proper functioning of a company it will be necessary to have a series of assets and personnel that will depend on the characteristics and size of the company. So that there is … Read more

What is import?

A definition of import is the set of goods and services acquired by a country in another territory for use in the national territory. This term, together with exports, plays an essential role in the accounting of the states. It is a commercial operation that focuses on the purchase of articles that are abroad and … Read more

What is the invoice number?

The invoice number is the unique code that identifies each invoice and the difference from any other. For the invoices made to have an official validity, the Law requires that they must have an invoice number, so that there cannot be two invoices with the same number. The bills They must be ordered by the … Read more

Interest on late payment

Interest on late payment is what is applied as a penalty when the debtor fails to comply with payment obligations. The amount of late payment interest must always appear in the contract in which the conditions of the loan or credit with the booth. We can demand the late payment interest on unpaid bills When … Read more