THE MAIN PARTS OF A BASIC INCOME STATEMENT
An Income Statement is one of three major financial reports that every business should create or run monthly to get an accurate picture of how
FOUR SMALL BUSINESS ACCOUNTING RED FLAGS
Every business faces red flags, no matter its size or profitability status; small businesses are no exception. Knowing and identifying red flags that threaten your
MIXING BUSINESS AND PERSONAL EXPENSES
A common practice I often see among small businesses is the mixing of personal and business expenses. This is where a business owner uses funds
A SMART WAY TO MANAGE YOUR CASH FLOW: 50/30/20 RULE
A rule that is typically applied to personal finances but can also be adopted by businesses is the 50/30/20 Rule. Managing cash flow – in
THE SMALL BUSINESS S.M.A.R.T GOALS
SMART goals are not just for personal development; they also apply to businesses. Without goals, a business is simply feeling its way around and hoping
SHOULD I BE LOOKING AT MY EBITDA?
You may have heard the term EBITDA tossed around in business-related conversations and wondered what it is and if you should be concerned about it
