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So, if a company pays out $1,000 in dividends, its retained earnings will decrease by that amount. Net income is the profit your business makes in a specific period, like a month or a year, after all expenses have been paid. Retained earnings, on the other hand, are what’s left of those profits over...

With a flat fee of $190 per month, Merritt is one of the most affordable, straight-forward priced solutions out there. If your business utilizes Xero, you might consider Bookkeeper360 for your business bookkeeping services. Like both of the solutions we’ve discussed thus far, Bookeeper360 provides virtual bookkeeping services for small businesses, working with you...