A statement of retained earnings shows the changes in a business’ equity accounts over time. Equity is a measure of your business’s worth, after adding up assets and taking away liabilities. Knowing how that value has changed helps shareholders under...
This limitation was defined as part of the Dormant Commerce Clause by the Supreme Court in the 1967 decision on National Bellas Hess v. Illinois. An attempt to require a Delaware e-commerce vendor to collect North Dakota tax was overturned by the cou...
You also have the option to find an accountant through the QuickBooks ProAdvisor network, too. With QuickBooks Online Plus and Advanced, you can track inventory and cost of goods, and set up low stock alerts. You can also create purchase orders, mana...
In May 2002 Intuit launched QuickBooks Enterprise Solutions for medium-sized businesses. Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA. After the success of Quicken for individual financial management, the ...
You notice there are already figures in Accounts Payable, and the new record is placed directly underneath the January 5 record. On this transaction, Accounts Receivable has a debit of $1,200. The record is placed on the debit side of the Accounts Re...