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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. Financial intelligence is important to anyone starting a company.

Finance 217
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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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SayAhh’s Revenue Projections

Feld Thoughts

While Jane was building SayAhh’s revenue projections , Dick focused his attention on building the expense side of the projections. A simple cash forecast is just that – it is a model that helps anticipate cash balances over time. Capital vs. Operating). and a spend type (e.g. Choosing the right drivers for each expense category.

Revenue 127
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Understanding Finance for A Stronger Business Foundation

The Startup Magazine

The primary goal of any corporate firm is to benefit from the business’s finances while operating at its maximum capacity. Entrepreneurs often feel like spending too much time sorting out the finances can lead to a halt in developing innovative ideas for the growth of the business.

Finance 157
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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

Entrepreneurs sometimes get too wrapped up in covering monthly expenses or meeting a specific revenue figure. Depending on your business type, all revenue and expenses passes through to your personal return. The balance sheet shows what your company owns and owes, both from a short term and long term perspective.

CPA 100
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Working Capital vs. Cash Flow: The Differences and How to Better Manage Them

Up and Running

You can think about cash flow in the sense of personal finances as well as business. On the other hand, if you receive a payment of $2000, that’s considered income or revenue, you’ll generate positive cash flow that can be reinvested in other areas. . How does cash flow and working capital differ?