Bookkeeping

Our work has been directly cited by organizations including MarketWatch, Bloomberg, Axios, TechCrunch, Forbes, NerdWallet, GreenBiz, Reuters, and many others. Carbon Collective is the first online investment advisor 100% focused on solving climate change. We believe that sustainable investing is not just an important climate solution, but a smart way...

There are several types of correlation coefficients (e.g. Pearson, Kendall, Spearman), but the most commonly used is the Pearson’s correlation coefficient. This coefficient is calculated as a number between -1 and 1 with 1 being the strongest possible positive correlation and -1 being the strongest possible negative correlation. One of...

Although paychecks and pay stubs are generally provided together, they are not one in the same. A paycheck is a directive to a financial institution that approves the transfer of funds from the employer to the employee. A pay stub, on the other hand, has no monetary value and is...

For example, a high credit balance in accounts payable might signal potential liquidity issues, while substantial retained earnings suggest profitability and growth potential. Financial ratios, such as the current ratio or debt-to-equity ratio, rely on the accurate representation of these balances for meaningful analysis. There is no change in the...