Unlike assets, retained earnings are the capital that successful business operations generate and keep for the company’s long-term strength. Profitable businesses face tough choices about allocating retained earnings. For example, management might decide to build up ...

A budget is a guide that can help a nonprofit https://holycitysinner.com/top-benefits-of-accounting-services-for-nonprofit-organizati/ plan for the future as well as assess its current financial health. It is good practice to periodically review the budget as well as compare it to ...