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Blocking of Funds
Blocking of funds refers to restricting access to a certain amount of money in an account for a specific purpose, such as guarantees or pending transactions. These funds cannot be used until the condition is resolved. It is important for cash flow planning and ensuring commitments are financially secured.
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Business Valuation
The process of determining the economic value of a business, used in sales, mergers, or fundraising.
Breakage
Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.
BAS Agent
A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.
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