Equity

50 Results For Equity

Equity

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Account opening balances

…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…

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…

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…

Partnerships

…Accounts to setup for partnerships When a company file is created it automatically creates two equity accounts: * 3-8000 Retained Earnings (previous years profit retained) * 3-9000 Current Year Earnings…

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…

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…

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…

Is Crowdfunding right for your business? | MYOB Blog

Pros and Cons of Crowdfunding

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.

Shared Value – a new way to compete | MYOB Blog

Shared value a new way to compete

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…

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