Most business owners look at financial reports as something they have to complete for administrative reasons. They usually pass this task to their accountant without understanding its implication. So what is a balance sheet? The answer is not a report your accountant periodically provides for you to file. The balance sheet provides information on your […]
What Is a Good Debt to Equity Ratio?
“What is a good debt to equity ratio?” is a question often asked by investors. Debt to equity ratio is a financial measure that shows the relative proportion that exists between a company’s equity and its debt while operating to gain assets. Some equate an entity’s debt-to-equity ratio very directly with its financial leverage. Debt to […]
401k for Dummies Book Review
If you want to know how to manage your 401k account, minimize your risks, and figure out what sort of investments you should make to ensure that your retirement fund grows, check out this simple 401k for dummies guide that will make your life much easier. It can be difficult to know where to start […]
What Are Retained Earnings? – Finance For Dummies
Many savvy investors investigate balance sheets to determine what are retained earnings. This is because the balance sheet tells a story of the entire history of the company. It reflects cumulative values since the inception of the company. Specifically, the retained earnings balance sheet account represents the cumulative net earnings since the company started. It is […]
What Is a Trial Balance and Its Uses – Finance For Dummies
Accounting practices are cumbersome to maintain for even the largest companies with sufficient capital to hire multiple accountants to scrutinize their records. The burden is even more onerous for small businesses and start-ups without enough funding to hire an expert. In situations like these, small business owners frequently undertake accounting efforts themselves. In either case, […]
Taxes for Dummies Book Review – Finance For Dummies
This Taxes for Dummies review article is written to help the thousands, if not millions, of readers out there who are clueless about taxes. The books under review cover information on 1040, 1040EZ and 1040A. Other useful information you can get from these books include information on tax-saving tips and simplifying IRS technical terms to […]
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