Statement of Retained Earnings: A Complete Guide
In an accounting cycle, after a trial balance and adjusting and closing entries are completed, and the income statement is generated, we are ready to prepare the Statement of Retained Earnings. Next, look at your income statement (also known as the profit and loss statement) for the current period to find your net income (or […]
Accounting for Farming and Agriculture
Are you looking to switch from legacy tech to an advanced ag-specific ERP tool? Enterprise resource planning tools designed for farmers account for… The Farm Business Survey website provides region reports, farm benchmarking tools, database for specialist statistics queries, and a projection calculator for gross margins. The Farm Business Survey (FBS) agricultural accounting is an […]