Sole Trader Bookkeeping: Essential Tips & Services

There are many options available on the market today, each with their own features and price points. When choosing accounting software for your business, consider what features you need most. While choosing a sole trader accounting software, it’s tempting to go with...

Net Book Value: Formula and Examples

Should the company dissolve, the book value per common share indicates the dollar value remaining for common shareholders after all assets are liquidated and all debtors are paid. If a company’s BVPS is higher than its market value per share, then its stock may be...

HOA Bookkeeping Made Easy

Aplos has everything you need in one place for streamlined nonprofit and church management. Sync the app with all your devices and collaborate with your team. Our bookkeepers can prepare your annual federal and state taxes for your HOA for an additional fee. Imagine...

Income Summary Meaning in Accounting Helpful Overview

On the statement of retained earnings, we reported the ending balance of retained earnings to be $15,190. We need to do the closing entries to make them match and zero out the temporary accounts. Modern-day accounting software typically does the process of...