The cash flow statement is a financial statement that provides a snapshot of a company's cash inflows and outflows over a period of time. It is used to reconcile the numbers in a company's bank account with its actual income and spending. This statement can help business owners better understand how cash moves through their business and if they are managing their money effectively.
Read MoreAs an eCommerce business owner, managing your finances can be daunting. Here are signs to outsource bookkeeping and accounting for your eCommerce business:
Read MoreIn managing a business, there are a lot of different hats that you, as the owner, have to wear. Keeping track of your finances is one of the essential things. Bookkeeping is a critical aspect of your business. But it can be confusing and frustrating if you have no background in accounting.
Read MoreNot all business owners have a background in accounting or bookkeeping. That is why many hire small business bookkeeping services and other accounting-related solutions.
Read MoreBookkeeping and accounting are two essential business components, regardless of size or industry. They are often used interchangeably, but they are two distinct functions that provide different but complementary services.
Read MoreAccounting is the backbone of any business, big or small. It is the process of recording, classifying, and summarizing financial transactions to provide information vital to the decision-making process.
Read More