Bookkeeping

I’m thinking hubby thought it was box of trash to be shredded etc. I think mine was because of the little information I have, which is all good info and connecting info, but still nonetheless only a few things. If they have to do that, then they will enter a new suspense date reflecting the […]

First of all, not all business entities are required to have an EIN. Also known as the Federal Employer Identification Number (FEIN), the EIN is a single, federal identification number. Most states also require businesses to obtain a state tax ID number (sometimes referred to as a ‘state identification number’). If you make common changes

Retained Earnings are reported on the balance sheet under the shareholder’s equity section at the end of each accounting period. To calculate RE, the beginning RE balance is added to the net income or reduced by a net loss and then dividend payouts are subtracted. A summary report called a statement of retained earnings is