Retained Earnings Formula: Definition, Formula, and Example
It’s more alarming when an established company that’s had years to accumulate earnings shows a retained earnings deficit. Any investors—if the new... Continue Reading
Bots, algorithms, and the future of the finance function
So, let’s look at why so many financial players are turning to automation. Because each employee has their own controlled access to... Continue Reading
Understanding your letter 4883C Internal Revenue Service
Otherwise, only that taxpayer is eligible to claim the credit on your behalf. The American Opportunity Credit can save you up to... Continue Reading
Trusted Bookkeeping Services For Nonprofits & Charities
Embracing technological adjustments can streamline operations, financial management, and reporting to ensure accuracy and efficiency. A nonprofit’s revenue usually includes program fees,... Continue Reading
Forensic Accounting Definition, Types, Careers
With global fraud losses estimated at 5 trillion annually, the need for reliable forensic accounting services is on the rise. Forensic accounting... Continue Reading
3 2 Calculate a Break-Even Point in Units and Dollars Principles of Accounting, Volume 2: Managerial Accounting
To find your variable costs per unit, start by finding your total cost of goods sold in a month. If you have... Continue Reading
Paychex: Payroll & HR Solutions
The benefits of payroll software are payroll accuracy, timeliness and compliance. These features make payroll tools a step up from running payroll... Continue Reading
High-low Method in Accounting: Definition, Formula & Example
By contrast, the high-low method is simple enough to be used by anyone who understands basic maths. In fact, very small businesses... Continue Reading
Accounts payable explanation, journal entries, examples
The accounts payable turnover refers to a ratio that measures how quickly your business makes payment to its suppliers. That is, it... Continue Reading
Amortization Financial Accounting
For instance, one often used financial metric is EBITDA (earnings before interest, taxes, depreciation, and amortization). This metric is essentially a measure... Continue Reading