by becky | Jun 23, 2016 | Accounting, Financial Statements & Reports, Uncategorized
The best cakes have layers and layers of different delicious flavors to enjoy. Stacked on top of one another, each layer is baked separately and becomes part of the whole. Like a layer cake, your business expenses have layers of meaning to them. When you can...
by becky | Mar 31, 2016 | Accounting, Financial Statements & Reports, Uncategorized
Outsmart your accountant and other financial friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31. Some companies use a different year for reporting, and that’s...
by becky | Mar 19, 2015 | Financial Statements & Reports, Uncategorized
The balance sheet is one of the main financial reports for any business. Among other things, it shows what a company owns, what they owe, and how much they and others have invested in the business. One of the characteristics of a balance sheet is how it separates...
by becky | Sep 15, 2014 | Financial Statements & Reports, Uncategorized
The Balance Sheet is an important report in your business’s financial statements. Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they mean. A Summary of Balances One big...
