financing
Need New Equipment? Should You Pay Cash or Finance?
When it’s time to purchase new equipment for your business, you need to determine how you will purchase it. Will you finance or pay cash? There are pros and cons...
How to Secure Financing for Your Small Business: Financial Documents You’ll Need
Access to financing is often the key to expanding operations for a small business. Whether you’re seeking a small business loan, a line of credit, or investor funding, preparation is...
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...
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! ...
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...
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...
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...
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,...
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....
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...
