Bookkeeping

We have an internal convention of listing parent accounts in all caps, and subaccounts in lowercase. It helps us remember to enter all transactions at the subaccount level. To keep things clean, no transactions should be posted to the parent account. It’s an ordered list of sections, or accounts, for all of the transactions that […]

This calculator streamlines the process of determining shareholders’ equity, making it accessible for stakeholders to assess a company’s financial position quickly. The following examples feature the shareholders’ equity statement and show how to calculate shareholders’ equity with respect to all the above-mentioned components. Also known as additional paid-up capital, this component counts the additional amount that shareholders pay above

Preferred stocks always pay a dividend, but this is optional for common stocks. You can deduct interest payments on bonds from your taxable income, but dividends are not deductible. Bonds and preferred stock do not participate in the growth of the company, because they offer fixed returns. Common stocks give shareholders a right to benefit

As straightforward as it gets, to recognize revenue, you consider the price of each delivered assets = liabilities + equity item. This method is more accurate in calculating your project revenue than cost. The cost-to-cost method may be used to calculate the revenue for each period the project is broken down into, which could be

Running a small business is fun but managing the accounting isn’t, unless you’re an accountant. At Dave V. John, LLC, our CPA firm will remove your financial pain points with accounting services that make managing your money easier. We have the essential tools you need to track expenses, monitor cash flow, and identify financial trends so