A fractional CFO with SaaS experience can guide you through the fundraising process, from preparing financial statements and projections to pitching to investors. Their expertise can increase your chances of…
However, it could also mean the company issued shareholders significant dividends. If a company's ROE is negative, it means that there was negative net income for the period in question…
They may be used by U.S. businesses and organizations not subject to GAAP requirements, or by certain international entities operating in U.S. capital markets. These principles provide a foundation for…
Don’t worry about paying taxes on the entire amount reported on Form 1099-K. You can claim your expenses directly related to your business, lowering your income reported on Form 1099-K.…
The cash flow statement shows what money flows into or out of the company. While you have the money in hand, you still need to provide the services. This requires…
While both the ledger and T account serve as crucial components of the accounting process, there are notable differences in their attributes and applications. If that’s not the case, make…
Total equity effectively represents how much a company would have left over in assets if the company went out of business immediately. Transactions that involve stockholders are primarily the distribution…
This might sound like a lot, but the good thing is you can deduct many of your work-related expenses, which can lower your tax bill. Additionally, if you have over…