Retained Earnings: Definition, Formula and Examples

Alongside her accounting practice, Sandra is a Money and Life Coach for women in business. Declared dividends are a debit to the retained earnings account whether paid or not. To better explain retained earning equation the retained earnings calculation, we’ll use a realistic retained earnings example. If the entity doesn’t make dividend payments, then the…

How to Manage QuickBooks Enterprise Multiple Companies

Before proceeding, have you followed the troubleshooting provided by QuickBooks my colleague, ChristineJoieR, above? These steps will help you set up a new company file in QuickBooks. Take advantage of QuickBooks Online’s automation features to save time and reduce manual data entry. Utilize the bank feeds feature to automatically import and categorize your bank transactions. Step…

QuickBooks Desktop Connector Simplify Accounting: Sync Sales, Inventory & More to Quickbook Shopify App Store

This integration allows the two platforms to communicate and share data. I can’t thank support enough and love this app even more because of it. We’re thrilled to hear that MyWorks has transformed your business and that you’re happy with our support. Automating your accounting frees up time to grow your business. Simplify your ecommerce…

The Complete Guide to Outsourcing Finance and Accounting

Among problems encountered were supply-and-demand induced raises in salaries and lost benefits of similar-time-zone. A number of outsourcings and offshorings that were deemed failures led to reversals signaled by use of terms such as insourcing and reshoring. University of Tennessee researchers have been studying complex outsourcing relationships since 2003. BPO (Business Process Outsourcing) Focusing on…