As a small business owner, it can sometimes feel like you’re alone on a desert island with no help in sight for the endless financial reports you have to deal with. This blog post on how to understand and calculate cash flow is the 3rd in a series we’ve been doing on...
Monthly Bookkeeping
How to Read a Monthly Balance Sheet (And Why It Matters)
According to financial website The Balance SMB, the monthly balance sheet is “the most important of the three main financial statements used to illustrate the financial health of a business.” In previous blog posts on this site, we have talked about those 3 key...
What is an Income Statement (and Why It’s Important for Your Business)?
Before we answer “what is an income statement,” let’s back up a little in case you’re just joining us. In our last post, “3 Most Important Types of Financial Statements Your Business Needs,” we had you stranded on a deserted island. (Go back and take a look…it’s a...