Investing Activities Another portion of the statement of cash flows reports on how your company grows and improves itself. Financing Activities A company’s financing process is the lifeline for its business growth. If a company does not have enough internal cash flow, it can turn to external sources to finance acquisitions and other projects that […]
[Series] What Every Entrepreneur Needs to Know About Accounting – Depreciation
The idea of depreciation is a strange one to grasp. It’s an expense that you don’t see, but it plays into your business nonetheless. Just like the plot twists in Lost, this unknown factor can be frustrating and make no sense at times-until we understand its purpose! READ MORE HERE
[Series] What Every Entrepreneur Needs to Know About Accounting – Inventory, and Prepaid Expenses
The lagging behind the effect of cash flow is the price you’ll pay for business growth. Managers and investors alike need to understand that increasing sales without expanding their accounts receivable isn’t a realistic scenario for revenue growth. In the real world, it’s just not possible to enjoy increased earnings without incurring additional costs. Read […]
[Series] What Every Entrepreneur Needs to Know About Accounting – Accounts Receivable Management
Accounts Receivable Management One of the more complicated accounting items is accounts receivable, and in most businesses, these make up a large portion of assets. In other words, they cause cash flow delays in a business through the delayed payment on sales and expenses. As an example for calculating them, imagine that your company offers […]
4 Green Investing Tips
Green Investing Helps The Environment The environmental future of our planet is uncertain. To better understand, some investors are interested in “Green Investing” – looking for ways to invest in environmentally friendly companies and help them grow more rapidly than their competitors who do not focus on the environment as much. Investing money into these […]
[Series] What Every Entrepreneur Needs to Know About Accounting – What’s A Balance Sheet?
Although cash flows and income statements are different, they both have their own unique qualities. The income statement reports profits in quantifiable terms while categorizing them under three headings: revenues, expenses, and earnings per share (EPS). On the other hand, the statement of cash flows provides a more detailed overview of how changes in liquidity […]
[Series] What Every Entrepreneur Needs to Know About Accounting – Gains and Losses
What Are Extraordinary Gains and Losses Business is a cyclical process. The recording of selling and shipping goods to customers normally is just reported as ordinary profit and loss. So what happens when there are unusual disruptions like changes in business climate or cost? Accountants are faced with reporting these losses and gains as well. […]
The CPA’s Top 10 List – Get Your Personal Finances Under Control NOW!
10 Ways To Control Your Personal Finances Do you feel scared of your money? You may be afraid. Your attitude towards it can affect you positively or negatively, but certain things will give you control and make the idea more pleasant to consider. READ THE TOP 10 HERE!
[Series] What Every Entrepreneur Needs to Know About Accounting – Intro To Sales Accounting
Basic Sales Accounting All business starts with sales – and recording those sales transactions is known as sales accounting. We are going to explore a few elements of sales accounting that entrepreneurs need to know. READ MORE HERE
[Series] What Every Entrepreneur Needs to Know About Accounting – Making A Profit
As an accountant, you are responsible for preparing three primary types of financial statements representing a business. The income statement reports the profit-making activities and bottom line profits or losses generated by your company over specified periods of time. The balance sheet is a snapshot of the company’s financial position at one point in […]