What are some key performance indicators (KPIs) related to retained earnings that small businesses should monitor?

... accounts with a rate type of Average. This rate is used to translate accounts in the income statement and to build retained earnings. Current – Also ... The Retained Earnings account accumulates the company's net income or loss that is retained by the company. Retained earnings are summarized over the years ... May 8, 2024 ... For example, the cash account is a type of asset account, accounts payable is a liability account, and retained earnings is an equity account. With that in mind, Striven provides the option to flag an Equity-type account as a Retained Earnings account, which will then be calculated into the actual ... Retained Earnings. Revenue Accounts. 4000, Product #1 Sales. 4020, Product #2 Sales. 4040, Product #3 Sales. 4060, Interest Income. 4080, Other Income. 4540 ... Retained earnings are a type of equity and are therefore reported in the shareholders' equity section of the balance sheet. Although retained earnings are not ... Dec 5, 2024 ... Only accounts with an Account Type of Capital may be designated as the Retained Earnings Account. To assign the account as a Retained Earnings ... Nov 23, 2022 ... Retained Earnings b. What type of account is the Employee Advances account? i. Asset ii. Liability iii. Equity iv. Expense c. What is the ... Proprietary fund types sometimes referred to as income determination, nonexpendable, or ... contributed capital account rather than retained earnings. Contributed ... Retained earnings - Recommend that only 1 account of this type be created. NOTE: If you do not create this account, Workamajig will auto-create the account at ...