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Balance Sheet Template Projecting your balance sheet can be quite a complex accounting problem, but that does not mean you need to be a professional accountant to do it or to benefit from the exercise. The desired result is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be
Opening Day Balance Sheet A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. Use your Startup Expenses spreadsheet to get the basic data for the balance sheet.
5 Common Money Mistakes Small Businesses Make Plenty of factors can contribute to a business venture's demise. Sometimes it's a lack of consumer interest; other times it's a matter of bad marketing tactics. But perhaps the most deadly contributor to startup failure is not knowing how to manage your business finances.
Use Financial Management Basics to Help Your Business Succeed Learn the Basics - Financial Management Tips All small businesses have something in common: a need to fully understand financial aspects such as budgets, cash flow, pricing and balance sheets. Otherwise, entrepreneurs may not fully understand what's happening with their business until it
“Necessity is not an established fact, but an interpretation” - Friedrich Nietzsche I love my job. As dry as accounting seems, I find it fascinating. You get insight into a business’s operations and finances – truly the core of what is going on. People open up to
The 10 Bookkeeping Basics You Can’t Ignore Millions of small business owners and startup entrepreneurs are masters at creating great products and services, building awesome teams and winning over customers. Many of them, however, would probably flunk basic bookkeeping. Here are basics of the 10 most common types of bookkeeping accounts
Passion, Reality and Starting a Business Starting a business is not easy.  An entrepreneur needs to understand and express his/her passion. To do so means developing a mission statement and a plan. But that’s just the tip of the iceberg.  Starting a business also requires enthusiasm, energy, and persistence to market
Small business is incredibly diverse. Companies vary wildly in size and industry, but there is one  subject that every company, no matter what its business, needs to learn - finance. You don’t need to be able to do your own taxes or generate your own financial statements. It is too
Your books are only as good as their execution. Otherwise, even the most perfect business model does no more good than the latest diet book growing dusty on your bookshelf. The fact of the matter is that your books ARE your business. At the end of the day, your company IS how much it makes.
If small business is supposed to be the economic engine driving this country, we’re at risk of stalling out. Five years after the economic collapse that led to the Great Recession, the ability for small business owners to find financing to grow their businesses still hasn’t fully

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