by fularticles | Jul 10, 2023 | Business Finance, Resources
As a small business owner, you may be passionate and knowledgeable about your product or service but struggle with managing your finances. You’re not alone! Financial management is a common challenge for small business owners, particularly those with little...
by fularticles | Jul 7, 2023 | Business Finance, Resources
Accrual basis accounting is a method in which revenue and expenses are recognized when earned or incurred, regardless of when the cash is received or paid out. In other words, the financial records are kept based on the economic activity of the business rather than on...
by fularticles | Jul 6, 2023 | Business Finance, Resources
Cash accounting is an accounting method where revenues and expenses are recorded when cash is received or paid out. This contrasts with accrual accounting, where revenues and expenses are recorded when they are incurred, regardless of when the cash is received or paid...
by fularticles | Jul 5, 2023 | Business Finance, Business Strategy, Resources
A balance sheet, known as a Statement of Financial Position, serves as a crucial financial statement for businesses. It offers a concise overview of a company’s assets, liabilities, and equity at a specific moment, shedding light on its financial position. The...
