Category: Bookkeeping

By comprehending the choreography between beginning balance, net income, and dividends, you’ve gleaned how a statement of retained earnings is not just interpreted but also orchestrated. It’s the dance of digits that ultimately reveals the health and direction of a business. While the calculation itself is straightforward, the thought process behind how much to retain…

Daily reconciliation helps you catch gaps, duplications or missing approvals before they cause closing delays or reporting risk. Move all journal entries whether they are open, posted, or exceptions into a single, always-updated register. Every record should show date, account, amounts, approver, and a direct link to supporting docs. If a question comes up, the…