The profit and loss statement, balance sheet, and cash flow statement are some of your most powerful tools for understanding your business's health.

Accounting

How to Make Sense of Your Small Business Financial Statements

The profit and loss statement, balance sheet, and cash flow statement are some of your most powerful tools for understanding your business's health. Here's how to use them.

By Caron Beesley |

Cannabis Business Payment and Cash Management Options

Wondering how to accept payments for your cannabis business? Here are your options for payment processing and cash management.

By Carson O'Connell |

Is Cash or Accrual Accounting Best for Small Businesses?

Would you rather keep track with records in your books, or just in your head? That, in a nutshell, is the difference between cash-basis and accrual accounting. Here's an overview of cash accounting and accrual accounting, to help you decide which is best for your business.

By Tim Berry |

Free Invoice Templates to Help You Get Paid Faster

Whether you’re a freelancer or running your own small business or startup, you’ve got to get paid—preferably on time. A simple, professional invoice can make all the difference. Here are some free invoice templates you can use to easily create your own invoices.

By Angelique O'Rourke |

The Difference Between Cash and Profits

Never forget: Profits are not the same as cash, and understanding the difference between the two is an important part of running a successful business. Brush up on the crucial difference between cash and profits with this guide.

By Tim Berry |

What Is a Balance Sheet?

Learn what defines a balance sheet, the importance of a balance sheet in your business plan, and view some balance sheet examples.

By Angelique O'Rourke |

The Key Elements of the Financial Plan

Whatever type of business plan you're writing, there are a few key financial items that you should definitely include. Here's what they are, why they're important, and how you should create them.

By Trevor Betenson |

How to Avoid the 5 Most Common Small Business Accounting Mistakes

Managing income and expenses accurately is an important aspect of running a business successfully. Unfortunately, many small businesses make accounting mistakes without even realizing the impact those mistakes can have on their long-term viability.

By Avneet Narang |

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The profit and loss statement, balance sheet, and cash flow statement are some of your most powerful tools for understanding your business's health.