Equity

55 Results For Equity

Equity

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Account opening balances - AccountRight and AccountEdge

…When you enter an account opening balance, the amount is balanced against the Historical Balancing equity account. Please speak with your accountant to discuss any further adjustment/journal entries that…

Partnerships

…note guides you through this process. Setting up equity accounts for the partnership When a company file is created it automatically creates two equity accounts: * 3-8000 Retained Earnings (previous years…

Recording a business expense where a proportion is for non-business use

…and link the accounts for Tax Collected and Tax Paid to your Private Usage/Drawings (or similar) equity account. Note that the account used for drawings is only a sample. Please contact your accountant…

A message from MYOB CEO, Tim Reed | MYOB Blog

I don't intend to use this blog to comment on too many purely internal matters at MYOB, but yesterday Archer Capital and MYOB's other shareholders entered an agreement for a sale of MYOB to Bain Capital.

Distributions to Trust beneficiaries

…period if using 13 periods to distribute income to the beneficiaries. Debit the Retained Earnings equity (3-0000) account and Credit the beneficiaries- Liability (2-0000) accounts. Notes: * Method 2 will…

Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…

Glossary of accounting terms

…liability and equity accounts. It is called a balance sheet because the total value of the asset accounts minus the total value of the liability always equals the total of the equity accounts. Budgets…

Statement of Cash Flow report

…accounts that are classified as Investing. D This section details changes in Asset, Liability and Equity accounts that are classified as Financing. E This section details changes in Asset accounts that…

Recording unrealised currency gain/loss

…associated with the asset account. If the account is a liability or equity account If the report shows a currency gain for a liability or equity account, credit the Unrealised Currency Gain/Loss account and…

My business story, Flash Fotos | MYOB Blog

Like most other business owners I started my business 6 years ago to create a life with more independence, more flexibility, more income and a better lifestyle. I wanted to create my dream life. Little did I know that in reality my life would turn into a nightmare. My income for the first four years of business was much lower than I could have earned working for someone else

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