Shareholder equity comes from the amount of money originally invested in the company, any other additional investments made afterwards, and earnings accumulated during business operations over time. It is a common accounting and business procedure to create shareholder’s equity report as part of your company’s regular financial reports.
In business, particularly in accounting, a ledger is important in keeping financial transactions classified and well-documented. A ledger shows detailed financial information regarding debtors, creditors, assets, incomes, and expenses.
Accounting tasks often require the use of applications like MS Excel, MS Access, Intuit QuickBooks and even PowerPoint presentations containing accounting data. However, the use of these applications can appear inadequate and too complex for a small enterprise. LiteAccounting is a web service that makes accounting tasks easier. It allows creating and sending professional invoices, …