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What Is a Balance Sheet?

Up and Running

If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. In this article, I’ll review: The components of a balance sheet. Balance sheet examples.

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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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5 Accounting Tips For Small Businesses

The Startup Magazine

Small businesses start off simple and become complex remarkably fast. If you’re a small business owner, you’ve undoubtedly encountered a lot of complications regarding running your business, from taxes to bookkeeping. Don’t Mix Business and Pleasure. Make a Note of Each Business Expense.

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How To Determine The Value Of A Small Business 

YoungUpstarts

Things get more complicated when it comes to dividing the joint business since calculating the worth of business includes not only tangible property but also the partners’ liabilities, each spouse’s interest which has its value as well. Figuring the Value of a Jointly-Held Business in a Divorce.

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5 Ways to Improve Your Business Financial Management

Up and Running

Ongoing financial planning and forecasting are critical for business growth. But as a small business owner, it can be difficult to do any of this thoroughly and efficiently. Maybe you’re not a numbers person or feel that it takes time away from you actually running your business. Invest in financial management technology.

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15 Ways A Brand New Small Business Can Look Established

YoungUpstarts

This should come as no surprise: If you’re a small business, make sure your listings are claimed. There are over 300 directory sites that should have your business name, phone number, street address, web address, and even hours of operation. Many small business owners just ignore Yelp because they don’t want to deal with it.

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The Entrepreneur’s Accounting Cheat Sheet

Up and Running

According to a study undertaken by the Small Business Administration , 28% of companies go bankrupt due to problems with the financial structure of the company. Keeping a record of your financial details IS important to the livelihood of your business.