If you run a business and you have debt, you’re not alone. In a Gallup poll, 36 percent of small business owners said they were uncomfortable with how much debt their businesses carried. Forty-nine percent said they find it extremely difficult to manage their current debt. While you might have to take on debt at […]
The retained earnings line on your balance sheet reveals a lot about a business’ state of health. This article will examine exactly what retained earnings are, how their value is calculated and why the number is so important.
The essential difference between cash accounting and accrual accounting is simply one of time. In the case of cash accounting, book entries for income and expenses are only made when a monetary transaction takes place. Whereas accrual accounting accounts for income and expenses when they are actually earned or incurred. In this article we take […]