Accounting

If you don’t keep track of how much money you’re making, you have no idea whether your business is successful […]

Accounting has become more and more complex as have the businesses that use accounting functions. Fortunately, there are several excellent

Building a financial cushion for your business is never easy. Experts say that businesses should have anywhere from six to

Another portion of the statement of cash flows reports the investment that the company took during the reporting year. New

In an accountant’s reporting systems, depreciation of a business’s fixed assets such as its buildings, equipment, computers, etc. is not

Depreciation is a term we hear about frequently, but don’t really understand. It’s an essential component of accounting however. Depreciation

Inventory is usually the largest current asset of a business that sells products. If the inventory account is greater at

In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and

A balance sheet is a quick picture of the financial condition of a business at a specific period in time.

It would probably be ideal if business and life were as simple as producing goods, selling them and recording the