Bookkeeping

A consulting retainer agreement looks very simple to a typical consulting agreement. I always suggest that you receive at least a base monthly payment in addition to the performance component you receive. Performance deals are where you’re paid based on a variable connected to the project you’re doing for your client. Although technically they are …

Retainer Fees for Lawyers: Definition, Purpose and Examples Read More »

Put another way, it is the amount that would remain if the company liquidated all of its assets and paid off all of its debts. The remainder is the shareholders’ equity, which would be returned to them. Although the balance sheet always balances out, the accounting equation can’t tell investors how well a company is …

What Are Assets, Liabilities and Equity? Read More »