How to Prepare a Detailed Cash Flow Statement for Small Businesses

How to Prepare a Detailed Cash Flow Statement for Small Businesses

A cash flow statement is one of the most important documents any business should have. It helps you keep track of the money that goes in and out of your business. If you know where you spent your money, you can focus on making excess cash and increasing your profits....
Is Bookkeeping a Difficult Job?

Is Bookkeeping a Difficult Job?

It’s a common misconception that one needs a CPA certification to be a bookkeeper. This is not true. Bookkeeping does entail a lot of math – regular monitoring of cash, paying bills, and tracking income – but anyone with strong math skills can do it, as long as they...
Bookkeeping Basics 101: A Beginner’s Guide

Bookkeeping Basics 101: A Beginner’s Guide

Businesses use bookkeeping to manage and keep track of financial transactions – what the company has, what it’s spent and what it owes – in order to make informed financial decisions. In this article, we’ll do a deep dive into bookkeeping basics and practices.   ...
An Entrepreneur’s Guide to Profitability Index

An Entrepreneur’s Guide to Profitability Index

As a business owner, you want to avoid the risk of investing your money into a project that won’t ultimately contribute to your company’s bottom line. A profitability index is a helpful tool for evaluating the potential profitability of investments. Let’s say you had...