How to Set up Contra Accounts

TallyPrime can go a step further and help the accountant or manager analyze the financial data and visualize the information in graphs and other representations. Realtime, accurate and easy to interpret financial accounting information helps in data driven business...

What Is Unearned Revenue?

It refers to payments received for goods or services that have not yet been delivered and can impact a company’s financial statements and future investments. By understanding the meaning and importance of unearned revenue, businesses can accurately report their...

What is a Voided Check? How to Void a Check

She has over a decade of experience and a Bachelor’s degree in Japanese from Georgetown University. Rather than figuring out the process as it comes up, learn everything you need to know about voiding a check now so that you’re fully prepared in the future. It...

Normal balance of retained earnings definition

Calculating retained earnings after a stock dividend involves a few extra steps to figure out the actual amount of dividends you’ll be distributing. Therefore, public companies need to strike a balancing act with their profits and dividends. A combination of dividends...