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What is the Main Difference Between Finance & Accounting? Focus, Scope, Goals & More

When it comes to managing money, two terms often arise: finance and accounting. While these fields are closely related and sometimes overlap, they serve distinct purposes and have different focuses.…

Continue ReadingWhat is the Main Difference Between Finance & Accounting? Focus, Scope, Goals & More

Why are Cash Flow Statements Important? Track Spending Activities, Financial Planning & More

We have been taking a closer look at some of the financial statements that keep a business going strong. Today, we would like to look at another one known as…

Continue ReadingWhy are Cash Flow Statements Important? Track Spending Activities, Financial Planning & More

What Does an Income Statement Include? Revenue, Cost of Goods, Gross Profit, Operating Expenses & More

When it comes to running your small business, there are several financial documents that you need to have up to date and organized. They can be helpful in planning and…

Continue ReadingWhat Does an Income Statement Include? Revenue, Cost of Goods, Gross Profit, Operating Expenses & More

Why Does My Business Need a Balance Sheet? Why Does it Tell You About Assets, Liabilities & More

Knowing where you stand financially is an important part of owning and operating a small business. Without this information, it can make it difficult to make plans for your future…

Continue ReadingWhy Does My Business Need a Balance Sheet? Why Does it Tell You About Assets, Liabilities & More

What is the Role of an Accountant in a Small Business? Financial Analysis, Tax Filing, Compliance & More

It takes an enormous amount of work to run a successful small business. Usually, it also takes having the right people in your corner to help you accomplish your goals…

Continue ReadingWhat is the Role of an Accountant in a Small Business? Financial Analysis, Tax Filing, Compliance & More

Should My Accountant Be a CPA? What Do Accountants Do on a Daily Basis? What is the Role of CPAs?

When you are a business owner, you want to have an accountant that works with you to keep all of your financial records straight and organized. They can also play…

Continue ReadingShould My Accountant Be a CPA? What Do Accountants Do on a Daily Basis? What is the Role of CPAs?

What Can an Accountant Do that a Bookkeeper Cannot? File Taxes, Financial Planning & More

As a small business owner, it is important that you have both bookkeepers and accountants that are working with you to help ensure your success. Both of these roles are…

Continue ReadingWhat Can an Accountant Do that a Bookkeeper Cannot? File Taxes, Financial Planning & More

What Taxes are Small Business Owners Responsible For? Income & Employment Tax & More

When you are lucky enough to own and run a small business, one thing that you need to make sure you’re doing is paying the right amount of taxes. This…

Continue ReadingWhat Taxes are Small Business Owners Responsible For? Income & Employment Tax & More

How to Do Taxes when Starting Your Own Business? Bookkeeping, Recording Income & More

If you have never owned a small business, you might not know what the ins and outs of the process looks like. There are many things to think about. You…

Continue ReadingHow to Do Taxes when Starting Your Own Business? Bookkeeping, Recording Income & More

What Do I Need to File Taxes for My Own Small Business? Basic Tax Info, Income Records & More

As a small business owner, you know how important it is to file your taxes properly. If you don’t, it can have large implications for your business. Not only is…

Continue ReadingWhat Do I Need to File Taxes for My Own Small Business? Basic Tax Info, Income Records & More
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