Category: Bookkeeping

How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
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How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
Read more

How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
Read more

How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
Read more

How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
Read more

How to prepare a statement of retained earnings for your business

I’ve found that most businesses forget dividend distributions or fail to reconcile retained earnings with other financial statements. One best practice that I suggest is maintaining a detailed record of all board-approved dividend distributions and reconciling on a monthly basis. Since retained earnings represent the profits a company has chosen to keep, these funds can…
Read more

An Accountant’s Guide to the Month-End Close Process

They record economic events that don’t correspond to a cash transaction or that need to be spread across multiple periods. A trial balance is a complete list of all your accounts and their balances at a point in time. Reviewing it is like a health check for your books—it reveals problems that might not be…
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Free Invoice Templates PDF

Say goodbye to the hassles of traditional invoicing and face a new era of efficiency and professionalism. Now you know what goes into a sample invoice. Create your own with Invoicer.ai PDF is one of the most popular formats when it comes to documents, especially ones that are meant to be shared via the internet.…
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Outsourced Accounting FAQs

Inquire about their confidentiality policies and compliance with data protection regulations to mitigate the risk of data breaches and ensure your financial data remains secure. Outsourcing these functions allows business owners and employees to focus on core operations, driving growth and innovation. Accurate financial reporting is crucial for informed decision-making and maintaining stakeholder trust. Outsourced…
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The Startup Owners Toolbox: Digital Software & Tech Stack

The valuation of IP can be complex and often requires specialized knowledge. Accurate valuation is essential for attracting investors and securing funding, as it provides a clear picture of the startup’s potential future revenue streams. Trip Delay Insurance, Trip Cancellation and Interruption Insurance, and Cell Phone Protection Underwritten by New Hampshire Insurance Company, an AIG…
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