Steve Martin once said, “I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline-powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” A small...
Nonprofits
How to Find Revenue in Financial Reports…and Use It to Your Advantage
Mark V. Hurd, former CEO of Hewlett-Packard and Oracle, once said, “I know only a few ways to take market share and drive new revenue. I can engineer better products and services, I can build better relationships with my customers and deliver a higher level of...
How to Calculate Cash Flow (and Why This Number Matters)
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...
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...