Bookkeeping
What is Opening Balance Equity in QuickBooks And How To Manage?
So, it is important to understand the root cause of opening balance equity accounts and resolve the issue to ensure the accuracy of your balance sheets. The total opening balance equity should equal the sum of all the beginning equity accounts listed in the previous account […]
0 Read MoreA Guide to T-Accounts: Small Business Accounting
Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Well, don’t take our word for it – give the software a try out yourself. On February 18th, clients send the $600 worth of invoice […]
0 Read MoreWhich Transactions Affect Retained Earnings?
For example, Incomes recognized that using a cash basis is different from incomes using an accrual basis. For example, differentiation of depreciation rate could result in different bottom lines. Since net profit includes a variety of non-cash expenses such as depreciation, amortization, stock-based compensation, etc., it is […]
0 Read MoreA Beginner’s Guide to Horizontal Analysis
It’s used in the review at a company financial statement over multiple periods it’s usually depicted as percentage growth over the same line items from the base year. Horizontal analysis allows financial statements used to easily spot trends and growth patterns. Likewise, the following is a […]
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