by Bob Jablonsky | May 10, 2018 | Accounting, Business Tips
The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear it called the Profit and Loss Statement, or P&L....
by Bob Jablonsky | Apr 26, 2018 | Accounting
The field of accounting has its own vocabulary, which can sound like a foreign language to some people. Your financial savvy will increase by learning a few new accounting terms. You’ll be “speaking accounting-ese” in no time, and you’ll become...
by Bob Jablonsky | Nov 9, 2017 | Accounting, Business Tips
Your “Chart of Accounts” is the list of accounts in your accounting software. The accounts are listed in your reports, and the totals allow you to determine how much you’ve spent, made, own, or owe depending on the type of account. It’s essential to create a list of...
by Bob Jablonsky | Mar 16, 2017 | Accounting, Business Tips
Before we get too far into 2017, let’s take a look back at 2016 results and five meaningful numbers you may want to discover about your business’s performance. To start, grab your 2016 income statement, or better yet, give us a call to help you compute and interpret...
by Bob Jablonsky | Mar 2, 2017 | Accounting, Business Tips
If there is a period of time between when your customers receive your goods or services and when they pay for them, then several things are true: You have a balance in Accounts Receivable on your balance sheet that represents how much customers owe you You have an...
by Bob Jablonsky | Nov 10, 2016 | Accounting, Bookkeeping Tips
If you’re struggling with your accounting system, it might be a sign that you’re ready for something new. Perhaps your company has grown so much that it’s outgrown its older accounting solution. Here are several indications to look for that justify moving to an...
