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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
26, April
2021

Basic Financial Statements That Anyone Should Know

Although individual financial statements each provide different snapshots of financial health, all financial reports reflect business activities that produce a company's profit or loss. The balance sheet shows how cash flow changes revenue and expenditure accounts, while the income state shows true net income at a given point in time. Investors use the various reports as tools that inform investing decisions. And, banks consider basic financial statements powerful tools useful for evaluating creditworthiness and profit potential. There are four basic financial statements everyone in business should know how to read and interpret: the income statement, the balance sheet, the cash flow statement, and the retained earnings statement.

22, April
2021

Understanding Inventory Assets

To understand inventory assets, you first have to know what an inventory asset is. An inventory asset is a product that.

19, April
2021

3 Popular Business Trends in 2021

This past year for business owners has been a challenging one. Despite the COVID-19 pandemic, owners have had to adapt.

15, April
2021

The Importance of Budgeting Reports

Budgeting is essential for operating a successful business. While learning the ins and outs of creating a working.

8, April
2021

The Balance Sheet Broken Down

As a business owner, the balance sheet is one of the most important documents you can use to evaluate the financial.

7, April
2021

How Management Reports Compare to Financial Reports

There is a substantive difference between financial reports and management reports yet plenty of people confuse these.

 
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