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4 Common Business Roadblocks: Financial Management

4 Common Business Roadblocks: Financial Management

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...
Accrual vs. Cash Accounting: A Comprehensive Guide

Accrual vs. Cash Accounting: A Comprehensive Guide

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...
Cash Accounting: A Straightforward Record-Keeping Method

Cash Accounting: A Straightforward Record-Keeping Method

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...
A Snapshot of Financial Health: The Balance Sheet

A Snapshot of Financial Health: The Balance Sheet

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...
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