On one hand, high retained earnings could indicate financial strength since it demonstrates a track record of profitability in previous […]
The formula for retained earnings is straightforward, as stated below. Sure, it’s easy to calculate retained earnings using the above
OnPay also integrates with Quickbooks online seamlessly, which saves me a ton of time from manually inputting payroll reports. The
These distributions are a deductible expense to the corporation, and you as the business owner will pay taxes on these
The company’s equity multiplier was therefore 2.8x, which can be compared with its equity multiplier for the year 2016, which
This industry-based comparison is especially helpful in evaluating a company’s competitive stance and overall health. This ratio is combined with
You’d record that as a credit to cash, an asset sub-account, and a debit to utility expense, an expense sub-account.
It’s essential to train your staff on how to use the chart of accounts and accounting software. This training should
A high DSO means that you are waiting a long time for customers to pay their bills. This means your
On top of all of this, one of the biggest factors of importance is that the longer a company keeps