Managing the Bottom Line
If you don't keep track of how much money you're making, you have no idea whether your business is successful or not. You can't te…
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Quasar software
Accounting has become more and more complex as have the businesses that use accounting functions. Fortunately, there are several e…
Building Cash Reserves
Building a financial cushion for your business is never easy. Experts say that businesses should have anywhere from six to nine mo…
Investing and financing
Another portion of the statement of cash flows reports the investment that the company took during the reporting year. New investm…
Depreciation reporting
In an accountant's reporting systems, depreciation of a business's fixed assets such as its buildings, equipment, computers, etc. …
Depreciation
Depreciation is a term we hear about frequently, but don't really understand. It's an essential component of accounting however. D…
Inventory and expenses
Inventory is usually the largest current asset of a business that sells products. If the inventory account is greater at the end o…
Revenue and receivables
In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in…
Balance sheet
A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a busi…
Gains and Losses
It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But the…
