Bookkeeping is the process of keeping track of every financial transaction made by a business. Accounting analyzes and reports financial information for the business. Both
Unfortunately, most business owners give me that look like deer in headlights when I first discuss financial statements because they have no what is detailed
While the balance sheet is a snapshot of your business’s financials at a point in time, the profit and loss statement shows you how profitable
Let’s keep this short and sweet. As a business owner you have a responsibility to maintain books and records for your business. The guidance from
A balance sheet is a snapshot of your business finances as it currently stands. It illustrates the assets you own, and liabilities (i.e., debts) you owe, at
While most entrepreneurs focus on increasing sales to increase profit, lowering expenses is equally or perhaps more important when trying to achieve or maintain profitability.
Time For Taxes Filing income tax occurs once per year but tax planning is a year-round exercise. Here’s some simple tips: Keep your business and
