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A Brief Look At Understanding Income Statements And Balance Sheets

YoungUpstarts

The two key documents are the income statement and balance sheet, though there are more that come into play like the cash flow reports. So why are these documents important, and what is the difference between the income statement and balance sheet? Why You Need Income Statements And Balance Sheets.

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The Bare Minimum You Need To Know About Accounting

YoungUpstarts

Though personal income taxes will usually not be due until the middle of April, organizing your finances at the end of each year is an absolute necessity. No matter what your overall accounting philosophy might be, the importance of balance cannot be overstated. Balance Sheets versus Income Statements. Making Choices.

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How Payroll Funding Works: An Alternative Way To Help Finance Your Small Business

YoungUpstarts

Understanding How Payroll Funding Helps Finance Small Businesses. It does not matter what niche or industry you are involved in or the type of business you operate; your staff must get paid on schedule. Although payroll funding is not as well-known as other financing options, it is easier to obtain than getting a loan from a bank.

Finance 147
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Rules of Thumb Business Valuation Methods Explained

Up and Running

Some reasons why include needing a more detailed picture of your company’s value, submitting taxes, outlining employee stock option plans, or presenting to investors or creditors. To explain further, let’s take a look at this list of the most profitable industries (according to a recent writeup from Yahoo Finance ). .

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3 Ways Structure Can Take Your Tech Startup To New Heights

YoungUpstarts

Speaking intelligently about your company’s current (and future) performance means regular check-ins with your finances. Whether it’s burn rates, balance sheets, or P&L and cash flow statements, financial documents say a lot about your operations — and you need to be able to speak the language. Get it all in writing.

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SayAhh’s Revenue Projections

Feld Thoughts

It is simple in that it forecasts how much cash will be coming in the door (revenues + equity financing + debt financing) and then subtracts from that amount how much cash is expected to be going out the door. Capital vs. Operating). Subtracting the expenses from the revenues provides a forecast of cash flow from operations.

Revenue 127
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How to Write a Business Plan for a Cannabis Company

Up and Running

With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. Your operations plan. Operations. Extraction operations? As mentioned, the industry is exploding right now. Financial plan.