Author: 7Editor

Companies may purchase their own shares to boost the stock price, prevent hostile takeovers, distribute excess cash, or support employee stock purchase plans. Treasury stock purchases reduce shareholders’ equity and should opening balance equity vs owners investment be carefully analyzed, given their impact on the company’s financial statements. Retained earnings represent the accumulated net income… Continue reading What is opening balance equity in QuickBooks and how to manage it

The first, the accrual basis method of accounting, has been discussed above. These rules are outlined by GAAP and IFRS, are required by public companies, and are mainly used by larger companies. Just as managerial accounting helps businesses make management decisions, cost accounting helps businesses make decisions about costing. Essentially, cost accounting considers all of… Continue reading Financial Accounting Meaning, Principles, and Why It Matters

Good bookkeeping provides entrepreneurs and small business owners with detailed, accurate, timely records that assist decision-making, taxes, and audits. There’s no question that keeping records of your business’s tax returns is essential. What’s also imperative is keeping track of and maintaining these records and forms throughout the year. Whether it’s your first business tax return… Continue reading 8 Types of Accounting: Careers, Degrees, and Salaries