What Are Financial Statements?

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?

Start your New Year’s Business Budget by Looking at Years Past

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

How To Choose The Right Bookkeeper For YOU!

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!