Online Accounting Software for Your Small Business
As employees make purchases with Brex cards, transactions automatically sync to Xero along with corresponding receipt images and transaction details. The integration intelligently
A Deep Dive into Negative Shareholders’ Equity
Under the company laws, shareholders are liable only to the extent of the money they invested in the business. As shown above, equity is the portion of the difference between the a
Prepaid Rent Asset Or Liability
When it comes to accounting for leases under ASC 842, one area that can be confusing is prepaid rent. Under the previous accounting standard, ASC 840, prepaid rent was recognized a
Learn About Retained Earnings for Business Owners
The calculation of retained earnings is not just a mechanical process but also a reflection of a company’s strategic decisions. Companies with high retained earnings might be foc
Equivalent Units of Production: Definition, Calculation, Formula, Example
Equivalent units of production (EUP) is a concept used in managerial accounting to assess the progress of production processes, particularly in manufacturing settings where product