Every type of business out there — whether it’s for-profit or a non-profit — has an owner or a set of owners. This is regardless of what industry the business is in. Aside from having the title of “big boss man” and bragging rights of owning a business, another thing that business owners have (which is the most important thing) is equity. Now, you might associate equity with stocks, shares, and returns, but it involves far more than making a quick buck.
Read MoreMany think cryptocurrency is an accountant’s nightmare. But, usually, when someone says that it can be difficult to keep track of everything and file the right paperwork, that just means they lack the experience and understanding needed to do accounting with cryptocurrency. In this article, we’ll discuss everything you need to focus on so you can improve the process when you’re planning to delve into the cryptocurrency market. That said, let’s get to it.
Read MoreWhat comes into your mind when you hear the words: asset, liability, and equity? Chances are you think about what you have, what you owe, and how much is left between the two.
Read MoreAs a company owner, you are certainly getting paid somehow. That being said, it does not necessarily mean that your approach is the most effective one. If you underpay yourself, you may not make enough money to make ends meet. However, if you overpay yourself, then you may be putting your company’s financial health at risk. This article will discuss some options for how small business owners can pay themselves so that you know which method will work best for you.
Read MoreThere are lots of factors to consider when trying to run a business successfully — equipment, marketing, distribution, sales, and much more. Amid all the things clamoring for a business owner’s attention, there’s one factor that always seems to be overlooked: the people who help keep the business operational.
Read MoreFinancial forecasting is the method of predicting where your business will be in the future in economic terms. With the use of pro forma statements, the predictions you develop during financial forecasting can be made concrete. Pro forma statements are financial statements that you prepare in advance to predict your financial status in the coming months and years.
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