Key Components Of Retained Earnings

The only difference is that accounts receivable and accounts payable balances would not be factored into the formula, since neither are used in cash accounting. To calculate retained earnings add net income to or subtract any net losses from beginning bookkeeping retained earnings and subtracting any dividends paid to shareholders. Retained Earnings are the portion

By |2020-07-10T19:15:50+00:00februari 27th, 2020|Bookkeeping|0 Comments

Is Bookkeeping Hard?

A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance. Petty cash should be part of an overall business accounting system that documents how your business moves funds between one account and another and how it spends its money. What

By |2020-08-08T09:25:27+00:00december 16th, 2019|Bookkeeping|0 Comments

How To Account For Prepayments

Be courteous but firm when letting the client know you’re refusing further work. Be aware that even if you handle this situation in a professional manner, it may upset the client and escalate tensions. To ask for payment professionally, small businesses should always word their payment requests using polite but direct language. Give the

By |2020-07-14T15:15:23+00:00september 30th, 2019|Bookkeeping|0 Comments