Master Your Cash Flow: A Simple Guide to AR and AP

Master Your Cash Flow: A Simple Guide to AR and AP

The Secret to Getting Paid and Staying Organized: Understanding AR and AP If you run a business, you know the stress of wondering where your money is. Whether you are waiting for a customer to pay or trying to find a bill buried on your desk, managing your cash flow...
What is the Difference Between Depreciation and Amortization?

What is the Difference Between Depreciation and Amortization?

Making Sense of the “Invisible” Expenses: Depreciation and Amortization Have you ever looked at a business income statement and wondered how a company can claim an expense without actually spending any cash that month? It sounds like magic, but it is...
How Accountants Keep Score: Are You Using the Right Method?

How Accountants Keep Score: Are You Using the Right Method?

How Accountants Keep Score: Are You Using the Right Method? To successfully run a business, you have to understand how accountants “keep score” of your numbers. While most people focus solely on their bank balance, professionals use two specific methods...
You’re Making a Profit… So Why Is There No Money in the Bank?

You’re Making a Profit… So Why Is There No Money in the Bank?

You’re Making a Profit… So Why Is There No Money in the Bank? Let’s talk about the three financial statements every business owner needs to understand. Not just your accountant. Not just your bookkeeper. You. If you’ve ever asked yourself,“I’m showing a profit. So why...
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