This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable. Note that in our basic balance sheet template, the “Total Assets” and “Total Liabilities” line items include the values of the “Total Current Assets” and “Total Current Liabilities”, respectively. The ending retained earnings balance recognized…
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25 fun icebreakers for virtual meetings
If you’ve ever experienced the real thing, you surely know that it’s as much fun as it is nerve-wracking! It involves dealing with various challenges, finding codes, and completing puzzles in order to “get out of the room”. They are great conversation starters – they help energize people, drive lively discussions, and encourage the participants…
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Functional balance sheet for financial and accounting analysis: definition, example and Excel template
A balance sheet serves as reference documents for investors and other stakeholders to get an idea of the financial health of an organization. It enables them to compare current assets and liabilities to determine the business’s liquidity, or calculate the rate at which the company generates returns. Comparing two or more balance sheets from different…
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Personal Accountant Overview, Benefits, & Drawbacks
As a result, clients can approach their financial goals with greater confidence and clarity. Financial planning and budgeting are also crucial aspects of a personal accountant's role. They help you analyze your income and expenditures, set financial goals, and create a comprehensive budget to guide your spending. From tracking expenses and invoicing clients to preparing…
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