Category: Bookkeeping

A single shareholder who owns and controls more than 50% of a company’s outstanding shares is called a majority shareholder. In comparison, those who hold less than 50% of a company’s stock are classified as minority shareholders. These rewards come in…

It is important to note that net income can be both positive (profits) or negative (losses). It’s important to remember that retained earnings are an accumulation of a company’s earnings over time, influenced by decisions on reinvestment and dividend distribution….

“To see him make that commitment, and then the fact that he wanted to make sure his kids were baptized, speaks volumes,” Lee said. It was a personal thing she was working towards, and I felt very invested as well…

For example, for a deposit at a stated rate of 10% compounded monthly, the effective annual interest rate would be 10.47%. Banks will advertise the effective annual interest rate of 10.47% rather than the stated interest rate of 10%. For…

For example, for a loan with a stated interest rate of 25% compounded quarterly, the banks would advertise 25% instead of 27.4%. The effective annual interest rate is an important tool in evaluating the real return on an investment or…

But an important point to understand is that these investors view this simply as a sign that the company is potentially undervalued, not that the fundamentals of the company are necessarily strong. For example, if https://www.kelleysbookkeeping.com/double-entry-definition/ a company has a…

Employers may also value soft skills such as attention to detail and good communication. Pursuing an accounting career without a traditional degree presents unique hurdles. However, by understanding credential recognition and leveraging state-specific exemptions, you can carve out your path…

In the case of small businesses in Hillsboro, working with an efficient bookkeeper and accountant will make all the difference and fit the budget accordingly. With our expert advice, you can make the right business decisions for your business for…

While bills must eventually be paid, for now, the company is free to use that cash for other needs. ABC Company appeared to be paying its widget suppliers much too rapidly. They took fewer than 12 days to pay, despite…

Geography plays a pivotal role in the world of bookkeeping, not just in terms of costs but also in the nuances of service delivery. Choosing the right kind of bookkeeping help for your business is important. You can pick an…