How to Prepare a Statement of Retained Earnings

The closing balance of the retained earnings is added to the equity section of the balance sheet. This is why you need to calculate retained earnings when building a three-statement model, even though you don’t necessarily need to model the entire statement...

Fixed Costs Explained: Definitions, Formulas and Examples

Understanding these concepts allows you to make more informed decisions about your expenses and improve your business undertakings. This equation also gives entrepreneurs considering buying small businesses useful information about projected profits. Lastly, you would...

How to reconcile accounts payable successfully in 10 steps

By leveraging SolveXia, Tala streamlined its payment reconciliation process and strengthened its overall financial management capabilities. In a survey among 200 companies’, 30% of finance and accounting professionals pointed to reconciliation as the primary challenge...