What Is Virtual Bookkeeping and How It Works + Tools

This real-time access to financial information enables businesses to stay informed about their financial performance, identify areas of concern, and make informed decisions promptly. Furthermore, electronic bookkeeping enables businesses to generate financial reports and statements quickly. With just a few clicks, businesses can generate comprehensive reports that provide insights into their financial performance. This not […]

Retained Earnings: Calculation, Formula & Examples

Cash dividends represent a cash outflow and are recorded as reductions in the cash account. These reduce the size of a company’s balance sheet and asset value as the company no longer owns part of its liquid assets. These earnings are considered “retained” because they have not been distributed to shareholders as dividends but have […]