Entries by Neha Patel
Profit and Loss Statements: What Are They?
If you have started doing accounting for your business, you have probably heard of a profit and loss statement. You obviously want to know how much money you are making, so tracking clearly important. That said, you may not be totally clear on the whole concept. What is a profit and loss statement exactly, and […]
Step Up Your Game and Increase Your Cash Flow
Business is all about money. When you run your own business, you want more cash coming in than is going out. There is a lot of cash flow involved in any company, from business expenses like rent and payroll to profits and revenue. It is important to track all of the money going in and […]
3 Signs It’s Time to Start Outsourcing Your Bookkeeping
Keeping track of business expenses is a major part of running a company. It may not be the most interesting piece of work you do, but it is vital to keep your books in order so you know where your money is going and where it’s coming from. If this is starting to overwhelm you, […]
Top 5 Business Expenses You Should be Tracking
Making money is the fun part of running a company. Business expenses, not so much. Even if numbers and calculations aren’t your thing, having a business expense tracker is so important. It helps you keep track of cash flow and makes paying taxes each year easier. Tracking your business expenses constantly can actually save you […]
Maintaining Healthy Cash Flow
Cash flow is the reason you are in business. It is also the ultimate indicator of success or failure. If you have cash flow problems, you are not alone. Plenty of businesses go through multiple slumps, and with the times being as hard as they are, I assure you that you are not alone. There […]
Behind on Bookkeeping? How a Professional Can Help!
Trust me, I know that organization can be difficult in the midst of the chaos of running a business. Even the simplest things can sometimes seem out of control. The bummer is that when things start to feel this way, duties that should be easy to fulfill can slip into the abyss of the backseat […]
5 Bookkeeping Mistakes That Are Ruining Your Finances
Small business bookkeeping can prove to be quite a bear. Considering all of the other requirements that your business demands, the last thing you want, is work on your bookkeeping. In fact, you have probably fallen short in your bookkeeping in some ways. With a little bit of effort, you can avoid making mistakes that […]
The 3 Biggest Business Budgeting Mistakes
If you are anything like me, the word budget keeps you up at night. When it comes to business budgeting, it is less about doing it right and more about not doing it wrong. I am certain that even the best budgeters have had nightmares about budgeting for their business. It is simply part of […]
How to Read a Balance Sheet (The Non Boring Version)
What is a Balance Sheet? If you find the number riddled, two-column document before you terrifying —don’t worry, its just a balance sheet. Balance sheets exist to show exactly how much a company is worth by dividing its assets between debits and credits and setting them side by side. If you’re curious about a company’s […]