Business Accounting Blog

There is a period of the trial while you can use QuickBooks online for free. It is a good chance to work with the program in a test mode. During this time, you can decide if this application corresponds to your needs and wishes. When this period ends…

Retained ratio definition is easy to remember. The profit retention rate is the rate of reinvestment of profit in fixed assets. …

From the point of view of use in the practical activities of business entities – the balance sheet is understood as a reporting form that contains information about the financial position of the business entity….

This information will be useful to both the company’s management and potential creditors and investors. The balance sheet shows the status of assets, liabilities to third parties, and equity at a certain date. As a rule, the balance is formed on an a…

Accountants often ask, “How to calculate cash flow?”. The choice of calculation method depends on how deeply you want to analyze the company’s cash flows and based on what data the indicator is calculated (historical or forecast)….

A cash flow statement is an element of an accounting report that is compiled in tabular form and contains information about cash flow from the position of receipt and payment of funds. As a rule, this is one of the four main accounting reports….

In business, there are usually two statements on money management: accounting and finance. Accounting statements are created to submit to the tax services, and financial accounting helps to see the real situation with money in business and make decis…

An accounting journal is defined as a record in which any financial transactions of a company that occurs are entered before they are posted to ledger accounts, also called the book of original entry. Why is it important to record transactions? There…

A ledger account is any account that is included in bookkeeping ledgers. …

Retained earnings are a liability because they are effectively an unfulfilled obligation to business owners. Ideally, the money should be paid as dividends to the owners and put into development. Similarly, a liability is an uncovered loss, which is …