Are you wondering “can I loan my business money?” The answer is yes — and you should do it the right way. Whether you're covering startup costs, handling a cash flow gap, or helping your business grow without relying on banks or investors, loaning your business money can be a smart move. But here’s the…
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Running a business is hard enough — let’s not make your financials harder. Whether you’re a startup founder or a seasoned entrepreneur, preparing your 2024 income statement and balance sheet doesn’t have to mean late nights, messy spreadsheets, or last-minute tax-season panic. Unsure about your 2024 financials? Please join us for a webinar on Tuesday…
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Cash flow management is one of the most critical areas of financial planning for startups as they are often lightly capitalized and do not have access to the capital that larger businesses can tap for working capital needs, capital expenditures, and investments. We have outlined the best practices for cash forecasting, how to evaluate your…
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Understanding the differences between cash and accrual-based accounting seems like a daunting task for many small business owners. However, after learning the core concepts of what constitutes accrual accounting, understanding how your business transactions flow through the various accounts and ultimately how your financial statements reflect the underlying nature of your business becomes rather intuitive…
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