What’s internal income?

Internal income refers to money transferred between sections of a business, usually through billing for resources used. It does not change the overall balance of the business and is used to compensate for losses and fund other needs within the company. The word “income” generally refers to money that comes into a business from an […]

What’s an internal market?

A domestic market is a financial market within a country, with reduced competition, where companies can operate in multiple sectors. National and international companies can trade, and activities in these markets can indicate general economic conditions. A domestic market is a financial market within a given country for products and services. Also known as the […]

What’s Internal Advertising?

Internal advertising is performed by a company’s own advertising department, which can range from a single employee to a full team. It offers control and cost savings, but may lack outside perspective and professional contacts. Its effectiveness depends on the size of the business and its advertising needs. Internal advertising is a product promotion scheme […]

What’s an Internal Control Checklist?

Internal audit checklists are used by company employees to review financial and operational information, ensuring no material deficiencies in accounting processes, internal controls, or other business operations. Planning, intelligence gathering, compliance testing, and production measurement testing are some basic guidelines. Different types of internal audits have their own checklists, including operational, compliance, and performance audits. […]

What’s the 1986 Internal Revenue Code?

The Internal Revenue Code of 1986 governs tax laws in the US and covers almost all types of monetary transactions. It was created to modernize the tax system and has been modified every year since. The code is incredibly long and complicated, leading to criticism from some who say it is almost impossible to understand. […]

What’s internal funding?

Internal finance is money from a company, not external sources, used for investments to avoid transaction costs. Sources include depreciation, retained earnings, and selling assets. Companies weigh funding sources to determine which is most appropriate for new investments. Internal finance is money that comes from a company and not from external sources. Companies can use […]

What’s Internal Audit Software?

Internal auditing software is used by companies to review financial information and track audits. It allows for the electronic collection of information, setting up internal controls, and implementing accounting or audit guidelines. It also creates a digital record for each audit and can be used by external auditors for official auditing purposes. Internal auditing software […]

What’s internal resorption?

Internal resorption is a tooth disease where the tooth walls and dentin resorb into the affected tooth due to trauma or injury. It can be difficult to diagnose, but if identified quickly, a root canal procedure can restore the tooth. If left untreated, the tooth may need to be extracted. Internal resorption is a tooth-related […]

What’s an internal capital market?

An internal capital market is a department within a company that allocates capital to its own business units, increasing control over funds and reducing the chances of fraud. Allocation can change based on unit performance, and additional workers may be needed to properly monitor the units. An internal capital market is a method of allocating […]

What’s an internal medicine doctor?

An internal medicine doctor specializes in the diagnosis, treatment, and prevention of adult illnesses, often dealing with complex health situations. They are not to be confused with family physicians or general practitioners. The field emerged in late 19th century Germany, and today, internal medicine physicians act as primary care physicians and specialists, treating adult patients […]

What’s internal itch?

Internal itching can occur in body cavities or orifices and is more difficult to relieve than skin itching. Causes include infections, allergies, chronic illnesses, and more. Treatment depends on the underlying condition and may include medication or home remedies. Internal itching refers to any itching that occurs in a body cavity or body orifice. Unlike […]

What’s internal customer satisfaction?

Companies are increasingly recognizing the importance of treating staff and associates as internal customers, with benefits including better external customer satisfaction, higher morale, and better retention of good employees. It is important to prioritize customer service skills for all staff, including suppliers and contractors. Internal customer satisfaction refers to an increasingly popular philosophy that companies […]

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