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…
Posts TaggedAccounting Basics Series
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…
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…