Accounting Equation Assets = Liabilities + Equity

This is because creditors – parties that lend money such as banks – have the first claim to a company’s assets. For example, an increase in an asset account can be matched by an equal increase to a related liability or shareholder’s equity account such that the...

Chase Business Checking Review 2024

Again, the impetus for these funding rounds differs for every business. The common thread among all funding rounds is that the business needs money to reach its next stage of growth. An accountant can help you prepare your books to put your best foot forward for...