Accounting is a foreign language. Or at least that’s how many CEOs and business owners see it. If they get monthly financial reports, they may only look at two numbers on the income statement – the top number (sales) and the bottom number (net profit). That...
As everybody knows, nearly everyone has advice for the CEO/business owner, some of it sound, and some not so sound. But when all is said and done, when it comes to making a profit and translating that into cash in the bank, there are a handful of basic financial...
Most financial statement readers look only at their monthly or annual reports, and most monthly or annual reports present their period data compared against the immediately prior period, or against the same period a year ago. The more enlightening reports compare...
One of the things that small businesses – and often mid-sized ones too – don’t do well is bookkeeping, the source of all their financial reports. When money to (1) expand the sales and marketing team, or (2) add new products, or (3) pay bonuses to the owners, have to...
If you’ve not been living in a cave for the past couple years, you’ve heard about the rapid climb in home prices across the country – and much of the developed world as well. Inventory is in short supply, buyers are snapping up their first home, or their next one, or...
