You’ve heard the term “general ledger” thrown around in business circles, but what exactly is it? And why is it important for you to understand how it works?
Are you the type of business owner who thinks of paying or rewarding yourself when your business finally starts turning a profit? Unfortunately, you are not alone.
Do you know how to read a cash flow statement for your small business? Unfortunately, many small business owners focus on the bottom line, i.e., the last line item on their profit and loss statement (P&L), also known as the
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DISCLOSURE: THIS ARTICLE/WEBSITE USES AFFILIATE LINKS, WHICH MAY EARN A COMMISSION AT NO ADDITIONAL COST TO YOU. THIS INFLUENCES WHICH PRODUCTS WE WRITE ABOUT AND WHERE AND HOW THE PRODUCT APPEARS ON A PAGE. HOWEVER, OUR OPINIONS ARE OUR OWN
Disclosure: This article/website uses affiliate links, which may earn a commission at no additional cost to you. This influences which products we write about and where and how the product appears on a page. However, our opinions are our own
Does your business have an invoicing tool? In the last article, we talked about creating a professional and error-free invoice. While you can create a great invoice manually, it also helps to save time and reduce errors. That’s where invoicing
Whether you are a freelancer, consultant, or own a small business, one of the key things you must know is how to create an invoice. An invoice is a document you use to request payments from clients for the service/s
Do you know a startup budget is as important as a business plan? Many a time, small business entrepreneurs have very aggressive growth strategies with the hope of making a big impact but on limited finances. Now, imagine hacking this without
How much do you know about reading the financial statements of your small business? While you might not be interested in accounting and finance courses, it’s very crucial for any business owner to understand the basics of the 3 financial