Start by choosing the financial statements that are relevant to your analysis objectives. Consider which statements provide the most meaningful insights based on your analysis goals. Items such as expenses, current assets, liabilities, among many others may have been added or removed when compared to the base period and, as balances are compared sequentially, this… Continue reading Horizontal and vertical analysis Accounting and Accountability

Unlike VAT (which is not imposed in the U.S.), sales tax is only enforced on retail purchases; most transactions of goods or services between businesses are not subject to sales tax. Taxes you’ve added with this feature are calculated from your payout, but will be paid out separately. Your payout includes your nightly price, cleaning fee,… Continue reading Where do I enter my sales taxes paid?

In these types of scenarios, the management team’s decision to add more to its cash reserves causes its cash balance to accumulate. As per the balance sheet as https://www.quick-bookkeeping.net/independent-contractor-invoice-template/ on December 31, 2018, the owner’s equity is $50,000 and the retained earnings are $28,000. Calculate the company’s common stock based on the given information. Easy… Continue reading How to Find the Sum of Common Stock on a Balance Sheet The Motley Fool