If your S Corporation is large enough, you may need to complete a Schedule L on the tax return. The Schedule L is a two-year comparison of the company balance sheet according to the accounting records ...

Among the important characteristics of accounting information is the clarity of the financial data being reported and evaluated by owners and managers. Sometimes, a few simple numbers may paint the ...

Liabilities are what's owed by an individual or a company. They are—in accounting terms—a company's present obligations, originating from past transactions, through which economic benefits are ...

A business debt schedule can improve the financial health of your business by keeping you on top of payments and helping you prioritize debt. Many, or all, of the products featured on this page are ...