Accounting Terms 101: A Beginners Guide for Business Owners

Accounting Terms 101: A Beginners Guide for Business Owners

As a business owner, you may have heard various accounting terms thrown around, such as balance sheet, cash flow, and profit and loss statement. However, it is essential to have a clear understanding of these terms to make informed financial decisions for your...
Payroll Security and How to Protect Payroll Data

Payroll Security and How to Protect Payroll Data

Payroll security and payroll information protection are critical to the financial well-being of any business and their employees. A secure payroll system reduces the risk of external threats such as data breaches, and internal threats such as time sheet fraud. What is...
The Purpose of Financial Statements

The Purpose of Financial Statements

Financial statements are the way that you can track the performance and changes of your company or organization. Regardless of the type of business or nonprofit you are running, there are many different people that would be interested in the financial statements...

How to read financial statements

Financial statements Sitting in finance committee meetings, I have noticed that most board members, CEOs and even bankers have a difficult time reading their financial statements and are worried to ask questions regarding the numbers. Most people do not know where to...

Your Financial Statements – The Balance Sheet

Balance Sheet You didn’t start your business or become the head of an organization because you are a financial expert. You are there to grow and succeed. The accounting, bookkeeping and financial aspects of your business are important to how you run your...