Executive summaries have become a staple of the business world. They are a condensed version of a lengthy book, proposal, or other documents that provide a bird’s-eye view of the business blueprint. In other words, an executive summary is an essential tool for entrepreneurs, executives, and other professionals who want to make sure their plans […]
The difference between an income statement and a profit and loss statement is in name only. Both of these terms refer to a report that shows the overall sales, expenses and net income. How does understanding this type of statement help business owners understand their financial health? The income statement is one of the easier […]
Monthly bookkeeping gives a great advantage to small businesses. According to Milena from “Balancing Everything”, 21% of small business owners admit to not knowing enough about bookkeeping. For SMB owners who need up to date financial information about their company, this service can ease the burden of receipts and record keeping from the owner. Insightful […]