Archive for Dezember 2021

Plus, you can always consult a pro to help you develop a strategy, which you then implement yourself on a daily accounting basis. So often, when photographers think about ‘bookkeeping,’ they tend to roll their eyes, or feel like hiding under a blanket. You may think that bookkeeping is over your head, or that it…

The first figure on a statement of retained earnings is last year’s ending retained earnings balance. Look at the retained earnings on your balance sheet or search through your general ledger, find the retained earnings account, and note down the closing balance. Your company’s balance sheet may include a shareholders’ equity section. This line item…

Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses. Current liabilities are short-term debts that must be paid within the current cycle or one year. A company may owe this payment to creditors, lenders, banks, or other financial institutions. One is listed…