Categoria: Bookkeeping

  • How to Calculate Burn Rate for Your Startup TRUiC

    Proper management of the burn rate allows companies to maintain a strong financial position and attract investors, leading to long-term success. Companies with high burn rates may also require additional funding in order to sustain their operations. This can be a difficult task, as investors Navigating Financial Growth: Leveraging Bookkeeping and Accounting Services for Startups…

  • Statement of Retained Earnings Overview, Uses, How to Set Up

    Any time a company has net income, the retained earnings account will increase, while a net loss will decrease the amount of retained earnings. This ending retained earnings balance can then be used for preparing the statement of shareholder’s equity and the balance sheet. Although this statement is not included in the four main general-purpose financial statements, it…