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…
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What’s A Balance Sheet?
Although cash flows and income statements are different, they have 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…
Gains and Losses
What are accounting gains and losses, and why do they matter to businesses and individuals? Accounting gains and losses are crucial to any business or individual financial dealings. These are the profits or losses resulting…
Sales Accounting – What You Absolutely Need To Know
Basic Sales Accounting All business starts with sales – and recording those sales transactions is known as sales accounting. We will explore a few elements of sales accounting that entrepreneurs need to know. Sales accounting…
What Is Profit? – Crucial Elements You Need To Know
As an accountant, you prepare three primary 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. The balance sheet is…
What Kind of Life Insurance Do I Need?
No one likes thinking about life insurance, but purchasing a policy means your loved ones will not find themselves in a difficult financial situation if you die unexpectedly. The last thing anyone wants is for…
What is Personal Accounting – Crucial Things You Need To Know
What Is Personal Accounting? As an entrepreneur, you need to keep score – not only for your business – but for yourself. Personal accounting is the accounting and bookkeeping you do for your finances and…
Bookkeeping Basics
What’s The Difference Between Accounting and Bookkeeping? It is a common misconception that bookkeeping and accounting are the same things. While they both have to do with finances, one function of an accountant’s job is…
CPA or Controller – What’s The Difference?
CPA or Controller? Do you need a CPA or a controller? Accounting is a common occupation for those who want to use mathematical skills. There are many career paths within this profession, ranging from entry-level…
What is Bookkeeping?
What Is Bookkeeping? In a nutshell: What does a bookkeeper do? They work all day long and ensure the company’s finances are balanced by balancing budgets, recording transactions, and analyzing cash flows. The accounting department…