financing

Understanding Your Profit & Loss Statement (P&L)

When I started my career in accounting, I was an intern for a public accounting firm. I found an issue during one of my audit procedures and took it to...
Read More about Understanding Your Profit & Loss Statement (P&L)

Top 5 Year-End Accounting Tips

With the end of year approaching, it’s important to ensure your accounting records are in order to avoid unnecessary work and stress, during an already busy time of year!  ...
Read More about Top 5 Year-End Accounting Tips

Decoding Key Accounting Terms Every Business Owner Should Know

Navigating the financial aspects of your business can be challenging, but understanding essential accounting terminology is a crucial step toward financial success. Here, we break down some key terms that...
Read More about Decoding Key Accounting Terms Every Business Owner Should Know

What is A Prepaid Expense?

 Prepaid Expense A Prepaid Expense is an expense for something that you have already paid for, but you haven’t yet received the benefit of that expense. For example, if you...
Read More about What is A Prepaid Expense?

Understanding Deferred Revenue

Deferred Revenue Deferred Revenue is revenue that you have not yet earned, but that you’ve received in cash. Revenue should not be reported in your profit & loss statement until...
Read More about Understanding Deferred Revenue

Customer Payment Options that Improve Cash Flow

Cash Flow is one of the most critical factors to operating a successful business. Growth requires cash and if your business is not able to effectively manage your cash flow,...
Read More about Customer Payment Options that Improve Cash Flow

Accounting Treatment of CD’s

With FDIC limits still being a hot topic these days, we’ve seen lots of different tools being used for people and companies to diversify their cash and keep it safe....
Read More about Accounting Treatment of CD’s

Pros and Cons to Outsourcing Your Accounting

  Outsourcing accounting has become a more common practice in recent years. With companies looking for increased efficiency and a way to combat the talent shortage, outsourcing is becoming a...
Read More about Pros and Cons to Outsourcing Your Accounting

Cash Flow: A Tale of Two Businesses

Everyone knows cash is king.  You’re told time and again.  Cash allows you to be nimble.  Cash allows you to jump on opportunity.  You know you need it for business...
Read More about Cash Flow: A Tale of Two Businesses

Using Expensify’s Credit Card Feed

Expensify is a tool that many small business owners use to manage their expenses and receipts. One way to make it more valuable is to set it up to pull...
Read More about Using Expensify’s Credit Card Feed