Accounting Basics Series

[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 – What is Bookkeeping?

What Is Bookkeeping? In a nutshell: What does a bookkeeper do? They work all day long and make sure that the company’s finances are balanced by balancing budgets, recording transactions, analyzing cash flows. The accounting department also calculates important metrics like gross margin or net profit for your business. Although their jobs might seem dry […]

Accounting Basics – What You Need to Know!

From the time we’re children, most of us learn to count. In turn, we start saving and spending money as adults to balance our checkbooks and improve our lives! No business, small or large, can avoid accounting basics. The accounting process is important for any business. Accounting Basics – What You Need To Know – […]

Scroll to top