The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Small-business owners who want to maximize their company's potential should practice fundamental accounting and understand the fundamental accounting equation. You need a professional accountant – not ...

Director/Founder at Protea Financial - Guiding small businesses with high quality and cost-effective accounting. As an accountant to small business owners, something I often hear from new clients is, ...

The accounting equation, assets equals liabilities plus stockholders' equity, is the foundation of the balance sheet. The retained earnings account is part of the stockholders' equity section. The net ...

Previously, we discussed some ways to improve cash flow within a company. This evolved from a question that was posed by contractors on a message board regarding the difference between profits and ...