What does it mean to "reinvest in the business"?
We've all heard that term. But there's a better term for that cash, right?
And what's it called when you report on those investments?
They're called retained earnings.
And the statement of retained earnings is what you send over when you report on them.
In this blog post, we're going to tell you exactly what retained earnings are, what affects them, why they're important, and even how to calculate them.