Kategorie-Archive: Bookkeeping

Our team takes the time to deeply understand your business, answer your questions, help you link your accounts, and show you how Bench works. We hate it when our clients or even citizens are subject to a scam. Which is why we share all instances with our readers to help them avoid it. Today’s scam […]

If you set up the t-accounts for the journal entries, start by posting the original balances. Then, post the adjusting balances, and you will be able to see how each of the accounts changes. When you set out a T-account, you show the balance as it changes with each transaction. You do this by using […]

Retained Earnings are considered excessive if unrestricted retained earnings are more than the 100% paid-up capital of your company. According to the provisions in the loan agreement, retained earnings available for dividends are limited to $25,000. Given below is a list of accounts that are commonly created in the company for the purpose of using […]