Category: Bookkeeping

For example, imagine a company had $5 million in net income in the year 2019. At the end of the year, the shareholders' equity had increased to $11 million. An average of 5 to 10 years of ROE ratios which of the following equations is used to calculate return on equity? will give investors a...

Pension obligations are crucial to understanding a company’s commitment to its employees and the potential strain on future resources. Accurately accounting for pension obligations can be complex and may require actuarial valuations to determine the present value of future obligations. Deferred revenue indicates a company’s responsibility to deliver value to its customers in the future...

ContentTaxes & ratesFileOregon Tax CreditsOregon Veterans’ Home PhysiciansTexas Taxes on RetireesNew Mexico Retirement Taxes Nonresidents can multiply the total amount available to an Oregon resident by their Oregon percentage, which determines the modifications, deductions, and tax credits available to them. Typically, it’s found by dividing income in the Oregon column of your tax return after...

Companies initially record their business transactions in bookkeeping accounts within the general ledger. Depending on the kinds of business transactions that have occurred, accounts in the ledgers could have been debited or credited during a given accounting period before they are used in a trial balance worksheet. Furthermore, some accounts may have been used to...

The increase in retained earnings can be found by subtracting the $40,000 in dividend payments from the $100,000 in net income the company earned, which equals $60,000. Ways of describing negative retained earnings in the balance sheet are accumulated deficit, accumulated losses, or retained losses. Generally speaking, a company with a negative retained earnings balance...

Liquid assets can include cash, stock, and anything else the company owns that could be easily liquidated into cash. Fixed assets are things the company owns that are not as easily turned into cash. However, in industries with a high asset base, as in the automobile industry, companies have to maintain a high-cost asset how...

ContentActivity Feedto Request a copy of a previously filed tax returnRequest by mailRequest A Copy of Previously Filed Tax Returns If this request is being filed by someone other than the taxpayer, you must complete both Form M-4506 and Form M-2848. For more information, visit the Third Party Account Access web page. You may be able to...

ContentCorporate Tax Rates around the World, 2022Common Questions About How to Form a C CorporationDrawbacks of C CorporationsWhat is the difference between an S corp and C corp?Build your dream business for $1/month S corps have pass-through taxation—shareholders report business income and losses on their personal tax return, but the company does not pay corporate...

We work with all sizes of companies, from start-ups to small and mid-sized enterprises. Bottom Line Management will tailor our bookkeeping services to your businesses’ needs and provide the essential services that will keep your company in perfect financial order. Keep apprised of your company’s financials with Bottom Line Management’s bookkeeping reporting that includes monthly financial statements and...

Cost effective solutions for all of your tax and accounting needs. Our RecordOur consistent track record of uncompromising ethics instills confidence and trust. We use the newest technologies to ensure up to the minute information from the financial world. This allows us to respond quickly and give you the most relevant information and perspectives. You’ll know...