If an investor is looking at December’s financial reporting, they’re only seeing December’s net income. But retained earnings provides a longer view of how your business has earned, saved, and invested since day one. Let’s say that in March, business continues roaring along, and you make another $10,000 in profit. Since you’re thinking of keeping [...]
AT&T clearly defines its bank debt that's maturing in less than one year under current liabilities. This is often used as operating capital for day-to-day operations by a company of this size rather than funding larger items which would be better suited using long-term debt. An expense is the cost of operations that a company incurs [...]
Sign in to your QuickBooks product from the selection below. Connect seamlessly with your current apps to keep your business running smoothly. Get unlimited expert help as you prepare your business taxes. Or let a tax expert powered by TurboTax do your taxes for you, start to finish. A notable new feature is Spreadsheet Sync, [...]
If you choose to use double-entry bookkeeping—and we strongly suggest you do! We'll show you examples of how to record a transaction as both a credit and debit later on. Successfully managing your business also requires managing finances. When you’ve just started and have limited funds, you might consider handling your accounting activities yourself. However, [...]