All income and expenses of previous periods are closed to the capital or retained earnings account of the business. All firms maintain records and they are […]
You may not need a CFO if your business model is simple—with few stock-keeping units and no manufacturing or trade issues—and your leadership team has the […]
Addressing those compliance issues requires a proper, lawyer-specific chart of accounts. All monthly bank statements, cancelled checks, deposit slips, check books and check stubs must be […]
However, creating a cash flow statement that will appeal to your investors will depend on which cash flow method you select. Let’s deep dive into understanding […]
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