by David Guyaux | Jul 4, 2022 | Bookkeeping, Finance Knowledge, Financial Strategy, Financial Systems, General Business
A Profit and Loss (P&L) Report, also called a Profit and Loss Statement, is a key financial document that details a company’s income and expenses over a specific period of time. This time period is typically a month, a quarter or a year. Depending on company needs...
by Mikelle Despain | Jun 22, 2022 | Bookkeeping, Finance Knowledge, Financial Controllers, Financial Strategy, Financial Systems, General Business
When a business sale, acquisition, or major investment is contemplated, one important step in the due diligence process is the generation of a Quality of Earnings report, sometimes abbreviated as QOE. Even though a company may have strong financial statements, those...
by Kyle Hill | Apr 29, 2022 | accounting, Business Growth, Finance Knowledge, Financial Strategy, Financial Systems, General Business
What Is the Purpose of Accrual Accounting? There are two methods of accounting: cash and accrual. In cash accounting, transactions are recorded when payment occurs. In the accrual method, revenues and expenses are matched and recorded at the time the good is delivered...
by Eric Dorfman | Mar 22, 2022 | Finance Knowledge, Financial Strategy, General Business
In every company, there are important decisions to be made on a daily basis. Some decisions are mundane and have only short-term consequences. Others are strategic and can affect the company’s performance and profits for years. Too often, these critical decisions are...
by Jerry Vance | Feb 2, 2022 | Financial Strategy
It’s not uncommon to have difficulty differentiating between the main financial professionals. Not only are the names similar, but they are also often unintentionally used interchangeably. However, despite how the titles may be used colloquially, there are distinct...
by Mike Paulsin | Jan 12, 2022 | Financial Strategy, General Business, Inventory Strategy
Nearly every business requires supplies and services. To keep your company moving forward smoothly and to ensure optimum profitability, you need to find vendors who are trustworthy, consistent, and correctly priced. An ideal vendor is more than just a supplier; they...
