Accounting articles

Enrolled Agent Vs Cpa

An enrolled agent is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to represent taxpayers before the IRS for tax issues including audits, collections and appeals. To become an enrolled agent one must pass an... Read more

Stockholders Equity

Financial StatementsFinancial statements are written reports prepared by a company's management to present the company's financial affairs over a given period . Shares IssuedShares Issued refers to the number of shares distributed by a company to its... Read more

Retained Earnings Formula

They are cumulative earnings that represent what is leftover after you have paid expenses and dividends to your business’s shareholders or owners. Retained earnings are also known as retained capital or accumulated earnings. Not every business... Read more

Retained Earnings On The Balance Sheet

Although statement of retained earnings are not themselves an asset, they can be used to purchase assets such as inventory, equipment, or other investments. Therefore, a company with a large retained earnings balance may be well-positioned to purchas... Read more

Types Of Accounts In Accounting

This will depend on the nature of the account and whether it is a liability, asset, expense, income or an equity account. When you buy or sell goods and services, you must update your business accounting books by recording the transaction in the prop... Read more

Quickbooks Self Employed Version

We believe everyone should be able to make financial decisions with confidence. For those trying their hand at self-employment, QuickBooks Self-Employed does an excellent job, especially if you pay for a subscription for the tax bundle, which makes t... Read more