What is a Cash Flow Statement & How to Understand It
What is a Cash Flow Statement? A cash flow statement is one of the three key financial statements that report the cash generated and...
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What is a Profit & Loss Statement and why it is important?
What Is a Profit & Loss Statement? A profit and loss statement, also known as an income statement or a P&L is a financial report that...
What is a Balance Sheet? Something every business owner needs to know!
What is a Balance Sheet? The balance sheet is one of the most important financial statements for business owners as it shows what your...
Why do Business Owners Need Accounting Services?
Accounting is a vital part of business, whether it is a small or big business, as it helps the owners, managers, investors and other...
ACCOUNT RECONCILIATION AND ITS ESSENCE IN ACCOUNTING
What is reconciliation in accounting? Reconciliation in accounting is a vital part to ensure that the numbers in your financial records...
Managing Stress for Entrepreneurs - Keeping You Mentally Healthy
People often think that when you are an entrepreneur or own a business, you only sit and relax while watching your money grow. Well… we...
5 REASONS SMALL BUSINESS OWNERS NEED QUICKBOOKS ONLINE
Accurate bookkeeping is essential for the success of every business. When it comes to the best kind of online bookkeeping service, small...
What is COGS
Cost of Goods Sold (COGS) is one of the most fundamental concepts in your business’s finances.
How to Follow UP on Accounts Receivables
Don't let your accounts receivable grow out of control! Make sure you have a good process to collect from your clients on time!
Understanding Cash-Basis Accounting vs. Accrual-Basis Accounting
This is an important decision to make; the method you choose will determine how your business tracks and reports on its finances.
What is Revenue Recognition: A Beginner's Guide
Correctly recognizing business revenue is a big deal. It can make or break your ability to attract investors or secure a loan, and more.