Balance Sheet Basics Part 1: What Is The Balance Sheet?

A lot of business owners (and even many bookkeepers) really don’t understand the Balance Sheet.  They are mostly concerned with the Profit & Loss report and the only Balance Sheet item they care about is the checking account.  I find this to be a huge mistake on their part!  In my opinion, the Balance Sheet [...]

Update Your Skills

Take your accounting and bookkeeping skills into the 21st century!  If it’s been a while since you learned anything new in the world of accounting, now is the perfect time to enhance your existing skill set. Maybe you worked as a bookkeeper years ago before you had kids and now it’s time for you to [...]

Basic Financial Statements

At some point, every business will need a set of financial statements.  Maybe you need to obtain a loan from the bank and they want to see a set of statements prepared by your accountant or you need them to give to a new investor.  Most people don’t know what “financial statements” are, so let’s [...]