In order to properly look at your business’s financial standing, it is crucial to understand the difference between cash flow and profit. The relationship between cash flow and profit is one that needs to be understood in order to manage your business finances...
Accurately recording your numbers will significantly increase your business’s likelihood of success. But how do you know your numbers are truly accurate? Reconciling. Is your bank account reconciled? Read on to find out why this 5-minute task is a...
It’s June already and that means that it is time to do a mid-year check-up! Why is it important to do a bookkeeping mid-year check-up? Performing a mid-year check-up is a simple and effective way to ensure that all of your accounts are in balance and nothing was...