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… Continue reading 4 Green Investing Tips
Category: Archive
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 other hand, the statement of cash flows provides a more detailed overview of how changes in liquidity affect your company’s… Continue reading What’s A Balance Sheet?
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 from a financial transaction. For businesses, accounting gains and losses refer to the difference between revenues and expenses during a… Continue reading Gains and Losses
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 is the process of recording and reporting sales transactions. Sales accounting is a vital part of any successful business. At… Continue reading Sales Accounting – What You Absolutely Need To Know
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 a snapshot of the company’s financial position at one point in time and includes everything from accounts receivable to shareholder… Continue reading What Is Profit? – Crucial Elements You Need To Know
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 their family and friends to be left with the burden of caring for all the things they need after death… Continue reading What Kind of Life Insurance Do I Need?
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 is handled a little differently than your business accounting. Knowing these differences and keeping them separate will help you keep… Continue reading What is Personal Accounting – Crucial Things You Need To Know
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 providing reports based on findings from work done by a bookkeeper. One of the many tasks a business accountant is… Continue reading Bookkeeping Basics
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 bookkeeping to a company’s Chief Financial Officer; however, one must have the necessary qualifications before obtaining these positions. One must… Continue reading CPA or Controller – What’s The Difference?
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 also calculates important metrics like your business’s gross margin or net profit. Although their jobs might seem dry at first… Continue reading What is Bookkeeping?