A financial statement adheres to generally accepted accounting principles and is used to portray financial information about a business. They typically consist of an income statement, balance sheets, statements of retained earnings, and cash flows. The balance sheet provides an overview of a company’s assets, liabilities, and stockholders’ equity as a snapshot in time. … Continue reading What Are Financial Statements?
Whether your business is still in its fledgling stages or has been operating for years, a budget remains important and vital for providing a guideline for expected income and expenses throughout the year. A well-planned budget can help you compare your anticipated financial goals with actual numbers, serving as a measuring tool for how well … Continue reading Start your New Year’s Business Budget by Looking at Years Past
As a business owner, we tend to think we can handle it all, I mean, we own a BUSINESS, what's a little office work, right? That's like saying being a stay at home mom is easy (it's NOT). A successful business owner understands her (or his) limits, and knows to hand off the things they … Continue reading How To Choose The Right Bookkeeper For YOU!