Companies prepare an income summary and an income statement at the end of an accounting period. While an income summary is a clearing account used to close income-statement accounts at the end of a ...

In May, we earned $5,140.66 in dividend income. That is a 19% dividend increase compared to last year. The catalysts for the large growth in fund payments are our consistent dividend payments into ...

In July, we (my wife and I) received a dividend income total of $4,161.64. My other two Vanguard ETFs – S&P 500 (VOO) and Dividend Appreciation ETF (VIG) - both paid in July. We had a solid increase ...

An inventory account must be closed at the end of a company's accounting period. Closing the inventory account allows the company to carry its ending inventory balance forward to the next accounting ...

Portfolio income is money received from investments, dividends, interest, and capital gains. Royalties received from investment property also are considered portfolio income sources. It is one of ...

Turning a $1 million portfolio into reliable passive income is less about chasing the highest yield and more about ...

Guaranteed income can protect retirees against inflation and the risk of outliving their savings. Consider after-tax income when building a stock portfolio for retirement. Annuities can help cover ...

Here's what to know about income tax ahead of tax season, including what it is, how it works, how to calculate it and which states don't have it.