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.
Learn what defines a balance sheet, the importance of a balance sheet in your business plan, and view some balance sheet examples.
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.
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.
Paying an accounting professional can have benefits that far outweigh the added costs—but what happens if your accountant makes a mistake? If your accountant made a costly error and is unwilling to set things right, you should understand your legal rights and options.
Cash is the single most important resource in any business—and also one that is frequently misunderstood. Here's what you really need to know about cash flow.
Not hiring an accountant can often be an expensive mistake. A good accountant can provide expert advice and information, help you to grow your business, prevent your from running afoul of the IRS, and save you thousands of dollars in taxes.
If you’re a freelancer or independent contractor, chances are you’re familiar with how time-consuming the invoicing process can be. If you want to get paid, invoicing is not something you can set aside. The real question is, how can you do it faster? And, how can you do it more affordably, without having to turn to...