Author: Mohammed-admin

Revenue, expense, and dividend accounts affect retained earnings and are closed so they can accumulate new balances in the next period, which is an application of the time period assumption. The nominal account or revenue accounts, i.e. income and expenses, are closed by providing closing entries after the financial statements are prepared. Because the effect …

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Creditors view a higher debt to equity ratio as risky because it shows that the investors haven’t funded the operations as much as creditors have. In other words, investors don’t have as much skin in the game as the creditors do. This could mean that investors don’t want to fund the business operations because the company isn’t …

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Our mission is to provide builders, developers, GCs, and specialty contractors the precision accounting services they need to aggressively grow their businesses and their bottom lines. In a highly regulated industry like construction, it pays to have a team of experts keeping your taxes in check. Plus, our accountants work closely with the latest state …

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Effective accounting practices and sound financial management results in returns for the stakeholders and business owners. Handling your company’s accounting is a very important duty and a full-time responsibility. It is critical for your startup’s financial health and ultimate success. As mentioned before, as a startup founder, you may not have the time or knowledge …

Read more “Bench shuts down, leaving thousands of businesses without access to accounting and tax docs”