What is an Income Statement

The income statement is a document that is showing information about profit (income), loss (expenses), as well as the difference between the above indicators of cash for a certain period. You can use the report to analyze changes in the volume o... Read more

Restricted retained earnings

A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a proportion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-inves... Read more

Freshbooks Review

The work of the accounting department of any company is not only limited to storing data about the company's property and finances. The accounting law requires documentation of each accounting transaction. To comply with the law and generate accounti... Read more

What You Need to Know about Tax Season 2020

Tax season is just around the corner. For some reason, most taxpayers consult their tax professionals the week before the due date of tax paying. Try to imagine the usual scenario: last-minute efforts of collecting files, digging pertinent documents,... Read more

What Is QuickBooks Accountant

Quickbooks Accountant was developed by Intuit to facilitate an efficient and highly advantageous accounting experience. This was designed and introduced to the public with the sole intention of equipping accountants with the most favorable tools for... Read more

Wave Accounting Review

The program for professional bookkeepers and accountants Wave Accounting was launched in 2009 in Canada. The package of software provides a set of financial and other online services for small and medium businesses. Wave accounting is absolutely free... Read more

How to create a cash flow statement

One of the most important indicators of any company's performance is a cash flow statement. It includes the flow of financial resources to the organization, i.e., the sources of funding for its activities and their allocation for internal and externa... Read more

What is a line of credit in accounting?

A line of credit is a type of bank loan that has a number of specific features. In this case, the bank (lender) sets only limits on the maximum amount and the deadline for repayment of the loan. The client (borrower) determines the need for credit re... Read more