7 Types of Errors in Accounting You Must Avoid to Save Your Business
Accounting errors are costly oversights for any business, be it small or large. These mistakes often lead to inaccurate financial reporting which affects the decision-making and overall health of the business. In this article you will get to know the types of errors in accounting, how they affect your business and how you can fix […]
Retained Earnings Formula: A Quick Guide for Businesses
Retained earnings also called net profits of a company choose to keep after paying dividends to shareholders. It plays a key role in funding growth initiatives for research and development. It also improves financial stability by paying down the debt. Retained earnings are present on the balance sheet under shareholder’s equity at the end of […]
Accountant vs Controller: the difference you need to know
The life of an accountant isn’t as glamorous as it seems, but few career paths match the combination of solid pay, low stress, job security, and opportunity for advancement. Few accounts worry about burning out and feeling to switch industries and move into a position of prominence and importance in an organization. One of such […]