Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers." Businessman Tilman Fertitta reminds us that it might not matter how great a product or service you offer. If you don't keep on top of your financials and "know your
Owner’s Equity Time Lapse
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
Say Cheese! – Bringing the Balance Sheet into Focus
The Balance Sheet provides a snapshot of a company's financial position - what the company owns and what it owes - at a particular point in time, often at the end of a month, quarter or year. Business owners, investors, and lenders use the Balance Sheet to assess a company's financial strength and
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