Unrealized gains and losses on investments are a key element of OCI, reflecting potential income or expense that affects the company’s equity but is not recognized in the net income until the gains or losses are realized. This inclusion in OCI ensures that financial statements provide a comprehensive view of the company’s financial status, considering […]
It enables businesses to track progress, evaluate financial stability, and identify potential risks or opportunities. Depending on the metrics you want to focus on, you will need different financial statements, like balance horizontal analysis formula sheets, income statements, or cash-flow statements. That’s exactly why it’s called horizontal analysis – you compare the data from each […]
Our freelance bookkeeping professionals make sure all of your personal bookkeeping records are clear. You have big goals for your business, and the time that you spend tabulating receipts and accounts payable is time that could be better spent working toward those goals. Are your financial books not in proper balance – receivables and payables […]
