The Anatomy of the Statement of Cash Flows
The Statement of Cash Flows reflects the movement of cash within a business over a specific period of time. It reflects cash moving in two directions - in and out of the business.
The Anatomy of the Balance Sheet
As its name suggests, the Balance Sheet is a representation of account balances. In accounting for a business there are many accounts.
The Anatomy of an Income (Profit and Loss) Statement
An Income Statement, also known as a Profit and Loss statement, or P & L, provides a summary of a company's revenues, expenses, and profits over a specified period of time, usually a month, quarter, or a year.
How a Bookkeeper Can Help During an Audit
Being audited can be a stressful and overwhelming experience for individuals and business owners alike. During such times, having a proficient bookkeeper on your side can make a significant difference.
The Importance of Professional Bookkeeping for Small Business Owners: Time Well Spent
Time. The one precious commodity that there never seems to be enough of. Whether it’s rushing to get the kids ready for school or daycare, rushing to work, or rushing to a meal with friends and family, there never seems to be enough time.
Bookkeeping for Minority-Owned Businesses: A Guide to Wealth Protection
In today’s evolving economic landscape, minority-owned businesses play a crucial role in driving innovation and diversity. However, these businesses often face unique challenges, particularly when it comes to financial management and wealth protection.