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 […]
Introduction Keeping your books in order is a key piece to running a healthy, successful business. Without bookkeeping, you’re driving blind like a car without a gas gauge. Sure, the car is driving fine, but who knows how long before you have to pull over and wait for a friend to bring a jerrycan? […]