Over time, your small business acquires items of value. These things that bring value to your business are assets. To see how profitable your assets are, learn how to find return on assets and its impact on your business. So, what is return on assets?
Read More What Is Return on Assets?Accounting Reports Articles
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What Is a Schedule C?
As a small business owner, you must know which forms to file. And if you’re a sole proprietor or sole owner, you need to understand the ins and outs of Schedule C. So, what is a Schedule C?
Read More What Is a Schedule C?9 Business Formulas Math Haters Can’t Ignore
To keep your business in tip-top shape, you may need to do some things you dislike, including math. No, you don’t need to memorize a billion formulas or take a calculus class. But, you do need to familiarize yourself with essential business formulas.
Read More 9 Business Formulas Math Haters Can’t IgnoreBreaking Down the Basics of a Financial Analysis Report
If you want someone to invest in your company, you need to be able to tell them why it’s worth the investment. And, you must be able to back up your claims with strong financial data. To show investors why your business is a good investment, develop a financial analysis report.
Read More Breaking Down the Basics of a Financial Analysis ReportIncome Statement vs. P&L
Knowing your business’s financial health is key to budgeting, decision making, and implementing change. You can learn about your finances by using financial statements. To find out your company’s net profits during a specific time, use the income statement or P&L. What is the difference between income statement vs. P&L?
Read More Income Statement vs. P&LHow’s Your Small Business General Ledger Lookin’?
Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences.
Read More How’s Your Small Business General Ledger Lookin’?Cash Flow Projection: Glimpse into Your Financial Future
Your cash flow statement can give you an idea of your business’s current financial health. But, wouldn’t it be nice to see your company’s future cash flow? You don’t need a crystal ball to view your cash flow’s future. Instead, create a cash flow projection. Read on to learn about cash flow projection and how […]
Read More Cash Flow Projection: Glimpse into Your Financial FutureWhat Is a Balance Sheet?
When it comes to running a business, you can’t ignore your finances. To help you keep your finances in order and organized, you can look at financial statements, like your balance sheet. But, what is a balance sheet exactly? Let us give you the rundown on the balance sheet definition, the components of the financial […]
Read More What Is a Balance Sheet?How to Improve Financial Reporting Processes: 6 Tips
Let’s face it: Your finances play a major role in your business’s success. You need to have accurate reporting to know where your business stands financially. Otherwise, you could end up overspending and running your business into the ground. To keep your small business finances in shipshape, learn how to improve financial reporting processes.
Read More How to Improve Financial Reporting Processes: 6 TipsWhat Is an Income Statement?
Quick: Off the top of your head, how much money is your business bringing in? How much are you spending? At some point, investors, lenders, and (cough) you will need to know. But don’t panic when someone asks about your company’s revenue and expenses. Just whip out your income statement. What is an income statement, […]
Read More What Is an Income Statement?