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Statement of Cash Flows: Follow the Money

“So, I know what I have and how much I earned, but where did that money actually GO?” The Statement of Cash Flows is probably the least known and appreciated financial report among business owners.  However, this is report that tells you the vital information how you...
The Income Statement – This Is Your (Business’s Financial) Life!

The Income Statement – This Is Your (Business’s Financial) Life!

“So how do I know how much money I *really* made last month?” As I posted earlier, the Balance Sheet shows you what your business’s finances look like for a single day.  But what about how much your business earned in a particular period of time? Enter the Income...
The Balance Sheet:  A Snapshot of the Business Finances

The Balance Sheet: A Snapshot of the Business Finances

“I have no idea on how financially healthy my business is.  Where do I start?”   You love running your business, but maybe your understanding of the finances is focused on checking the bank account to make sure there’s enough in there to pay the bills and that...
Why You Should Use a Bookkeeper

Why You Should Use a Bookkeeper

“Why should I pay a bookkeeper instead of doing the books myself to save money?”   Good question!  Here’s another good question: What is your time worth? Let’s assume that it normally takes you three hours a month to get your finances in...
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