The Profit and Loss (or Income) Statement is one of three financial statements every public company issues quarterly and annually (the other two are the balance sheet and the cash flow statement). Of the three, it is often the most …
If you needed to make a quick assessment of a small business’s health, but could only ask a few questions. What would you ask? Everyone will approach this differently based on their own experience. Two potential questions are -“How much …
Business reports are not the most exciting or glorious topic, but creating and understanding your financials through three standard business reports, and how they work together, is vital to your business’s success. They can help you make critical business decisions …
In the current uncertain environment, many small companies are relying upon government loans and grants that became available through the economic stimulus (CARES) act. One potentially helpful loan for small businesses is the Payroll Protection Program (PPP). According to the …
Regardless of what your business entails, there is one thing that all companies have in common, and that is money. Even a non-profit business has to track their funds. Some business owners embrace handling their finances, and others would rather …
Whether you have an established business or are a relatively new business owner, one key to making your business successful is understanding and knowing your cash flow. For small business owners, it can mean the difference between being successful or …