{"id":1901,"date":"2021-12-21T15:39:29","date_gmt":"2021-12-21T15:39:29","guid":{"rendered":"https:\/\/designstemplates.in\/larc\/?p=1901"},"modified":"2023-09-12T10:17:29","modified_gmt":"2023-09-12T10:17:29","slug":"how-do-businesses-use-retained-earnings-and-how","status":"publish","type":"post","link":"https:\/\/designstemplates.in\/larc\/how-do-businesses-use-retained-earnings-and-how\/","title":{"rendered":"How do businesses use retained earnings and how can accountants help Sage Group plc Worldnews com"},"content":{"rendered":"<div id=\"toc\" style=\"background: #f9f9f9;border: 1px solid #aaa;display: table;margin-bottom: 1em;padding: 1em;width: 350px;\">\n<p class=\"toctitle\" style=\"font-weight: 700;text-align: center;\">Content<\/p>\n<ul class=\"toc_list\">\n<li><a href=\"#toc-0\">Factors that can influence a company&#8217;s retained earnings<\/a><\/li>\n<li><a href=\"#toc-1\">Create a free account to unlock this Template<\/a><\/li>\n<li><a href=\"#toc-2\">Make Your Paystub Now!<\/a><\/li>\n<li><a href=\"#toc-3\">Retained earnings frequently asked questions<\/a><\/li>\n<li><a href=\"#toc-4\">How Net Income Impacts Retained Earnings<\/a><\/li>\n<li><a href=\"#toc-6\">Basis period reform and Making Tax Digital: What businesses need to know<\/a><\/li>\n<li><a href=\"#toc-7\">Management and Retained Earnings<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Investors have little trust in the management of these companies and they are voting with their investment dollars. Some companies use retained earnings to fund operating activities or to help the business get through seasonal fluctuation periods. You can find a company\u2019s retained earnings on the bottom line of its income statement. Say, if the company had a total of 100,000 outstanding shares prior to the stock dividend, it now has 110,000 (100,000 + 0.10\u00d7100,000) outstanding shares.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"259px\" alt=\"How do businesses use retained earnings and how can accountants help?\"\/><\/p>\n<p>But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. Use a retained earnings account to track how much your business has accumulated. By subtracting the dividends paid from the net income, you can see how much profit the company has reinvested in itself. By looking at these items, you can understand a company&#8217;s performance <a href=\"https:\/\/quickbooks-payroll.org\/how-do-businesses-use-retained-earnings-and-how\/\">How do businesses use retained earnings and how can accountants help?<\/a> over time and dividend policy. A statement of retained earnings statement is a type of financial statement that shows the earnings the company has kept (i.e., retained) over a period of time. While paying dividends to shareholders is one way to use profits, aiming for higher retained earnings can be a more effective long-term strategy for creating shareholder value.<\/p>\n<h2 id=\"toc-0\">Factors that can influence a company&#8217;s retained earnings<\/h2>\n<p>Shareholders, analysts and potential investors use the statement to assess a company&#8217;s profitability and dividend payout potential. It can go by other names, such as earned surplus, but whatever you call it, understanding retained earnings is crucial to running a successful business. A maturing company may not have many options or high-return projects for which to use the surplus cash, and it may prefer handing out dividends.<\/p>\n<div style='text-align:center'><iframe width='563' height='319' src='https:\/\/www.youtube.com\/embed\/O1Yoj6CCLiA' frameborder='0' alt='How do businesses use retained earnings and how can accountants help?' allowfullscreen><\/iframe><\/div>\n<p>Your company&#8217;s retention rate is the percentage of profits  reinvested into the business. Multiplying that number by your company&#8217;s net income will give you the retained earnings balance for the period. A company&#8217;s retained earnings statement begins with the company&#8217;s beginning equity. This number is found on the company&#8217;s balance sheet and tells you how much money the company started with at the beginning of the period. Another factor influencing retained earnings is the distribution of dividends to shareholders. When a company pays dividends, its retained earnings are reduced by the dividend payout amount.<\/p>\n<h2 id=\"toc-1\">Create a free account to unlock this Template<\/h2>\n<p>This can make a business more appealing to investors who are seeking long-term value and a return on their investment. Retained earnings, on the other hand, specifically refer to the portion of a company&#8217;s profits that remain within the business instead of being distributed to shareholders as dividends. Most software offers ready-made report templates, including a statement of retained earnings, which you can customize to fit your company\u2019s needs. These programs are designed to assist small businesses with creating financial statements, including retained earnings.<\/p>\n<ul>\n<li>Little wonder they are vital for small businesses that are still on their way to the top.<\/li>\n<li>There are plenty of options out there, including QuickBooks, Xero, and FreshBooks.<\/li>\n<li>Additionally, retained earnings must be viewed through the lens of the business\u2019s stage of maturity.<\/li>\n<li>Retained earnings is the residual value of a company after its expenses have been paid and dividends issued to shareholders.<\/li>\n<li>The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.<\/li>\n<\/ul>\n<p>The retained earnings amount can also be used for  share repurchase to improve the value of your company stock. Here we\u2019ll go over how to make sure you\u2019re calculating retained earnings properly, and show you some examples of retained <a href=\"https:\/\/quickbooks-payroll.org\/\">https:\/\/quickbooks-payroll.org\/<\/a> earnings in action. And look at the language options available\u2014will you need to create invoices in Spanish for instance? Once you\u2019ve identified the features you need for your business, check out the different software providers.<\/p>\n<h2 id=\"toc-2\">Make Your Paystub Now!<\/h2>\n<p>The retained earnings balance is an equity account in the balance sheet, and equity is the difference between assets and liabilities. A retained earnings balance is increased by net income , and cash dividend payments to shareholders reduce the balance. Information on the income statement lists revenues and expenses incurred within an accounting cycle, which can run anywhere from one to 12 months. Meanwhile, balance sheet records keep track of a company\u2019s asset and liability amounts at different points in time based on data recorded from each accounting cycle. Lastly, the statement of retained earnings keeps a running record of profits incurred within each accounting cycle. Retained earnings appear on the balance sheet under the shareholders\u2019 equity section.<\/p>\n<ul>\n<li>Retained earnings can help small businesses manage their working capital, preventing liquidity problems and preserving their financial stability.<\/li>\n<li>Your forecast statement might include retained earnings if this is something you\u2019d like to project to measure the growth of the company alongside sales.<\/li>\n<li>Depending on your type of business, these transactions might be in paper or electronic form or both.<\/li>\n<\/ul>\n<p>Retained earnings are reported in the shareholders&#8217; equity section of a balance sheet. If your business currently pays shareholder dividends, you simply need to subtract them from your net income. Remember that retained earnings equals equity, and so should not appear anywhere in the assets and liabilities parts of the balance sheet. Because of this, the retained earnings figure doesn\u2019t necessarily communicate much about the business\u2019 success in the here and now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content Factors that can influence a company&#8217;s retained earnings Create a free account to unlock this Template Make Your Paystub Now! Retained earnings frequently asked questions How Net Income Impacts Retained Earnings Basis period reform and Making Tax Digital: What businesses need to know Management and Retained Earnings Investors have little trust in the management<br \/><a class=\"moretag\" href=\"https:\/\/designstemplates.in\/larc\/how-do-businesses-use-retained-earnings-and-how\/\">+ Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-1901","post","type-post","status-publish","format-standard","hentry","category-bookkeeping"],"acf":[],"_links":{"self":[{"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/posts\/1901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/comments?post=1901"}],"version-history":[{"count":1,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/posts\/1901\/revisions"}],"predecessor-version":[{"id":1902,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/posts\/1901\/revisions\/1902"}],"wp:attachment":[{"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/media?parent=1901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/categories?post=1901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/designstemplates.in\/larc\/wp-json\/wp\/v2\/tags?post=1901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}