financial statements

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Cash Is King!!

By | 2018-02-22T21:20:07+00:00 February 22nd, 2018|Categories: Business Wise|Tags: , , , , , , |

“Cash is King” is an expression that is widely used in analyzing businesses.  Why is it something that you, as a business owner, need to manage?  Well, without cash you could not do the things required to stay in business, for example, purchase inventory or pay your employees. A lot of business owners only concentrate on [...]

What is a Statement of Cash Flows?

By | 2017-12-28T18:55:32+00:00 December 28th, 2017|Categories: Business Wise|Tags: , , , , , |

There are three financial statements that provide a picture of the financial health of your business: The Balance Sheet shows what the business has and what the business owes, along with its net worth The Income Statement is used to give a summary of the company’s revenue and expenses over a period of time The Statement [...]