Small Business Month Tip – Optimize Business Finances
Finances can be one of the most complicated parts of running a business. Follow these tips to focus more on your business and less on onerous bookkeeping! Create a Budget Just like for personal finances, you need to understand how much money is coming into your business and where your money is going. Your business […]
Financial Reporting: How Segmentation Can Grow Your Business
It can show more than just your profits. While every business owner should be familiar with the basic financial statements, including your balance sheet and cash flow statement, you can also use these statements to help guide your strategy. The income statement, also known as your profit and loss statement, can tell you much more […]
Mid-Year Direction
Why reviewing your goals and financials can keep you on the right track If you take a wrong turn partway through a race, you may not reach the finish line. If you’re chugging along with your business, great! But as mid-year approaches, are all your ducks lined up to hit your goals this year? Checking […]
Do you know how to read the three main types of financial statements?
This could make or break your business: Do you know how to read the three key financial statements? Parentheses, columns of right-aligned numbers, complex formulas, and row upon tiny row of numbers. It’s not easy to read a financial statement unless you live and breathe them every day. And there are several different kinds of […]