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...
Improving your cash flow: Cash, different from profit and revenue, helps a business stay up and running. Consider the following tips to improve your cash flow (especially when times are tight): Consider getting a company credit card so you can pay for things in...
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...
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...