How to Create Financial Projections for Your Small Business in 2023
As a small business owner, preparing financial projections may seem like a herculean task; however, if you can create financial statements for your business, making financial projections will not be daunting. Financial projections are crucial to managing your business. A financial projection refers to a form of bookkeeping of the expected revenue, cashflows, and expenses […]
Understanding What Your Balance Sheet Means for Your Business
Within the first year of starting or purchasing a business, most entrepreneurs realize they need to be producing financial statements. Shortly thereafter, they learn that producing a financial report and understanding what it means are separate challenges. In this article, we explain how to read and create a balance sheet. What is the balance sheet […]
Financial Reporting for Small Business Owners
Small business owners have a lot on their plates. Whether you run a dentist’s office, a mobile car detailing operation, or an international shipping business, financial health must remain a priority. The key to understanding what’s happening with your business and taking the right steps to optimize performance is an efficient financial reporting process. What […]