How Long Should You Actually Keep Your U S. Business Records?
Reconciled is an award-winning organization and one of the fastest-growing accounting firms in the country. You must keep your records for at least 5 years after the 31 January submission…
4 3 Record and Post the Common Types of Adjusting Entries Principles of Accounting, Volume 1: Financial Accounting
Adjusting entries serves as a crucial mechanism for aligning financial statements and records with the accrual basis, thereby ensuring a more accurate representation of a company’s financial position. The balance…
Chart of Accounts Example Format Structured Template Definition
That means that balance sheet accounts are listed first and are followed by accounts in the income statement. In 1494, an Italian mathematician, Luca Pacioli, wrote a book providing suggestions of how…
An Introduction To CPG Marketing: What is CPG and How You Can Succeed In This Space
The new model will help CPGs get their evergreen brands on the right side of the disruptive trends and help their small brands scale faster, fueling the next era of…
How to Use Common Size Analysis to Compare Companies to Peers
Chances are, you already do at least a partial common size income statement analysis each month. Whenever you analyze your margins — gross profit, net profit or operating — you’re…