Managing Cash Flows
Today I want to begin a series on managing your business cash flows. The dictionary definition of cash flow is fairly simple. Cash flow...
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Overview of Basic Accounting Statements
In my last blog, we looked at the importance of the accounting cycle. We saw how properly recording transactions leads to accurate...
What Is the Accounting Cycle and Why Is It Important to Your Business?
In my last blog, we learned that accounting is used to identify, record, analyze and reconcile your company’s financial information. We...
Do You Know the Break-Even Point for Your Business?
The break-even point is probably the most important measure for a new business owner to understand and utilize in decision making. It is...
The Importance of Good Accounting Policy & Procedures
While you’re still small is the best time to establish robust processes and procedures to accurately record and analyze your business...