Author: protecos

Think of retained earnings as savings, since it represents the total profits that have been saved and put aside (or “retained”) for future use. This number is the sum of total earnings that were not paid to shareholders as dividends. Assets include cash and cash equivalents or liquid assets, which may include Treasury bills and certificates of deposit. For example, ABC Co.… Continue reading Accounting Equation Assets = Liabilities + Equity

It also enables you to identify areas where you may be overspending or underfunding and adjust accordingly. Even employees not directly affected by job loss or reduced benefits may still be impacted by a death spiral. A sense of uncertainty and instability within the company can make it difficult for employees to feel satisfied with… Continue reading What is a Death Spiral? Definition Meaning Example

Whenever a business sells an item, even on credit, the transaction is recorded immediately, regardless of whether or not payment is made at that time. One reason accrual accounting is able to provide a more accurate overview of a business’ performance over a landlord tax guide specific time period is that future revenues and expenses… Continue reading Accrual Accounting vs Cash Basis Accounting: What’s the Difference?

Our bookkeeping staff in Houston is seasoned in working with corporations from various industries. bookkeeping services houston We are a premier, affordable Houston bookkeepers and offer competitively priced business advisory services. We can integrate your financial services with the other applications utilized by your staff and set up QuickBooks to handle your internal work processes.… Continue reading Tax and Accounting Services in Houston, TX