In previous posts, we brought the balance sheet into focus and then adjusted our aperture to focus on three important balance sheet analyses. Now we'll take a closer look at one of the main sections of the balance sheet - Owner's Equity. Think of owner's equity in terms of a time-lapse. A
Adjust Your Aperture: 3 Balance Sheet Analyses to Focus On
When we discussed the basics of a balance sheet, we likened it to a snapshot of a company's financial position: what a company owns and owes at a particular point in time. The most important element of a good photo is the ability of the photograph to communicate with the viewer. It should be able
Undeposited Funds – QuickBooks Tutorial Video
Do you ever... get frustrated when you reconcile your bank statement? see a deposit show up in your bank account, knowing that it's made up of several individual payments received in QuickBooks? become annoyed with the time it takes to match things up? We often see business
Morning Musings with MBS
Our very own Natalie Remund recently chatted one morning with Lisa Workman, President of the Fergus Falls Chamber. The interview aired on PRTV, a local Fergus Falls channel. The segment, "Find It In Fergus Falls," showcases area businesses and events. Natalie shares the humble beginnings of Multi
Where’s My Money? The Importance of Reviewing Your Statement of Cash Flows
Question: My Profit & Loss Statement shows a positive net income last month, so why do I not have any money in my bank account? Answer: Many business owners struggle with this question, so you are not alone. The fact that you are reviewing your Profit & Loss Statement regularly is an
Manage Accounts – QuickBooks Tutorial Video
Every time you create an invoice or enter a bill for your business in QuickBooks, you are either accessing one of your existing customer or vendor accounts, or creating a new one account. Over time, these account lists will likely become lengthy. There may be duplicates or inactive accounts or
National Small Business Week: An Interview
We are a small business whose aim is to help other small businesses succeed. Therefore, in the spirit of National Small Business Week, it is only fitting to reflect on the past decade of service to our clients and to share some insights into what makes Multi Business Solutions the small
Spring Cleaning for Quickbooks
Spring is finally here! Whether you fully embraced or merely endured this past winter in Minnesota (or anywhere in the Midwest!), it's safe to say that spring has been a welcome sight for everyone! Something about this time of year makes us want to throw open the windows and deep clean the house