What does Financial Management Services Include?

What does Financial Management Services Include?

Financial management is one of the most important aspects of your business because it is how you will make all of your business decisions. Financial management consists of: Accurate bookkeeping Separate accounts to track your business Clear policies/procedure Business...
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 – Profit and loss

Profit and Loss Let’s continue this week with your income statement also known as profit and loss (the P&L) for your company.  Your P&L is a summary of your income and your costs and expenses for a set period of time, typically done monthly or quarterly...

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...