Bookkeeping

If the business is new and has no previous retained earnings, enter $0 as retained earnings calculation. If the previous retained earnings are negative, label them accordingly. In some balance sheets, the retained earnings are shown under the sub-section of “Reserves and Surplus” under the Shareholder’s Equity head. Many firms restate (or https://www.lessonsandtuning.com/HowDoTheMounterMake/ adjust) the …

Balance Sheet Definition & Examples Assets = Liabilities + Equity Read More »

Imagine it as the towering financial waves that companies must navigate skillfully. This complex endeavor carries potential risks, including the proper calculation and payment of employer payroll accrued payroll taxes, which encompass employer paid payroll taxes. Yes, accrued payroll is considered a current liability as it represents money owed to employees for work done but …

Discover How to Calculate Payroll Accrual + Journal Entries Read More »

Is composed of tax and accounting professionals with years of valuable experience. While it is a relatively small, personal CPA in San Antonio offering deeply engaged service to each client, Lange, Poteet & Co. also has the resources and expertise to deliver a broad range of services. These organizations show a commitment to the industry and to …

San Antonio CPA Our Team Read More »