Once you've decided that a particular major purchase or project is right for your business, the issue becomes, what's the best way to implement your decision? |
If the major purchase you're considering is a car, truck, or some fairly standard office equipment, you may want to consider leasing your equipment rather ... |
Don't fall for expensive service contracts. Service contracts that are pitched to you when you buy a piece of business equipment are often a good deal for the supplier — but not for you. ... |
After you've gotten the basics of financial recordkeeping down pat, and you have a good handle on your company's cash flow and other day-to-day issues, you may want to take a longer and deeper look ... |
If you want a clear understand of how your business is doing financially, and you want to be able to predict and plan for the future, a fairly thorough understanding of your financial statements is ... |
Before we launch into a discussion of the nuances of financial statements, you need to accept the fact that there are rules to putting these statements together. How much you need to worry about the ... |
The balance sheet is a statement of your company's relative wealth or financial position at a given point in time. It's often referred to as a "snapshot" because it gives you a fairly clear ... |
You don't have to be an accountant to make effective use of the data on your balance sheet. Use balance sheet data to monitor your company's financial health by monitoring the following: |
Although steps can be taken just prior to the balance sheet date (generally, year end) to improve it, you should be aware of how your actions and decisions throughout the year affect the "balance ... |
While the balance sheet is a financial snapshot, giving you a picture of the business's assets and liabilities on a single day at the end of the accounting period, the income statement shows you a ... |
