Accounting

Retained earnings are an essential aspect of a company’s financial health and growth potential. They represent the portion of a business’s net income that, instead of being…

Return on assets (ROA) is a vital financial metric that showcases a company’s profitability in relation to its total assets. This ratio helps corporate management, analysts, and…

Income statements are an essential financial document for investors and business owners, providing valuable insights into a company’s financial performance over a specified period, usually a quarter…

Revenue recognition is a crucial concept in accounting that dictates how and when a company records its revenue from contracts with customers. Adhering to the Generally Accepted…

Running a small business can be exhilarating and rewarding, but it is not without its challenges, notably managing and reducing debt. As a business grows, so too…

In business, two important financial metrics help determine the success of a company: revenue and profit. Revenue refers to the total amount of income generated by the…

International Financial Reporting Standards (IFRS) are a set of accounting rules and principles issued by the IFRS Foundation and the International Accounting Standards Board (IASB). These standards…

Substantial Gainful Activity (SGA) is a term used by the United States Social Security Administration (SSA) to evaluate the eligibility of individuals for disability benefits. In order…

Shopify accounting refers to the process of recording, organizing, and managing financial transactions and data specifically related to a Shopify store. As an e-commerce platform, Shopify presents…

Small business accounting is integral to the success of any business, acting as the backbone to financial stability, compliance, and growth. Gaining a comprehensive understanding of small…

An income statement is an essential financial document that summarizes a company’s revenues, expenses, gains, and losses over a specific period of time. It is a valuable…

Startup accounting is a critical aspect for any emerging business, as it involves managing and documenting financial transactions, complying with various regulations, and utilizing financial planning strategies…