So your business is chugging right along, and you’ve had great financial results for years. You have no problem proving to a potential investor or lender that your company is

Financial Position refers to the status of your company’s assets, liabilities and equity, and their relationship with each other. The financial position of your company is usually affected by its

By analyzing the types, amounts, and trends of a company’s liabilities, it is possible to gauge its financial position, stability, and risk exposure. A company with too many liabilities compared

Underneath the graphic, you can click a dropdown that says, “Show me the breakdown of my itemized deductions,” to see the details here. The interest income input screen was very

Primarily, their document and data capture features make them good options for importing bills, invoices and receipts – both paid and unpaid – into Xero with only a click, or

In between the opening and closing balances, the current period net income/loss is added and any dividends are deducted. Finally, the closing balance of the schedule links to the balance

By matching the oldest costs of goods sold against revenues, FIFO presents a fair and consistent picture of ending inventory balances and cost of goods sold on financial statements. The

We’ll also cover how to deal with shipping when it comes to your income taxes and your state sales taxes. In your situation, the shipping expenses would be considered a normal/general

However, when the depreciation rate is determined this way, the method is usually called the double-declining balance depreciation method. Though, the double-declining balance depreciation is still the declining balance depreciation

By comparing income statements across different time frames, analysts can gain valuable insights into a company’s financial progress and make informed decisions. For a full understanding of a company’s profitability,