Bookkeeping

What are Retained Earnings? Guide, Formula, and Examples

A service-based business might have a very low retention ratio because it does not have to reinvest heavily in developing new products. On the other hand, a startup tech company might have a retention ratio near 100%, as the company’s shareholders believe that reinvesting earnings can generate better returns for investors down the road. Retained earnings are also called earnings surplus and represent...

HOA Financial Reporting Made Easy: Your 5-Step Guide

This may involve hiring an independent auditor to conduct regular audits to verify the accuracy of financial records and compliance with relevant laws and regulations. The board’s role in financial management can vary depending on whether the association has a management company, the size of the community, and the association’s bylaws. However, below are some of the most common aspects of the...

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