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

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. These software makes setting up your accounting faster than doing it manually. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process. Apart of being a successful entrepreneur is wearing many different hats.

CPA 100
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Cash Flow

Up and Running

The other two, an income statement (also known as a profit and loss statement ) and a balance sheet , complement the cash flow statement and help you see a full picture of your business’s finances. . It doesn’t take a CPA or an MBA to do it. Your cash flow statement is crucial for running your business well.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak. For other sectors, notably enterprise software, the changes will be very significant. What effects this will have on the future revenue model of the company and management’s ability to forecast?

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The Hidden Costs Of Managing Bookkeeping On Your Own. Consider These Tips.

YoungUpstarts

You will bring the books to the trial balance stage where an accountant (or you) may prepare the income statement and balance sheet. The average cost for a small business CPA consultant is $150–$400 per hour, depending on their experience. Cost of Software. Potential for Fines and Fees.

Cost 246
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5 Critical Things Entrepreneurs Need to Know about Managing Their Company's Finances.

Small Business Force

This doesn't mean you have to become a CPA or go take a boatload of accounting courses, but, at least, learn to understand what's in a basic income statement and balance sheet and what they mean. Don't be keeping your books on scraps of paper, just your checkbook, or on some Excel spread sheets.

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How to Become Your Own Boss in 2015 (Webinar Recap)

Up and Running

This is Sabrina Parsons, the CEO of Palo Alto Software. Those of you that have had the opportunity to go to college, I am quite sure that you probably know someone who is a CPA and someone who is a lawyer and you want to add those two people to this kitchen cabinet as well because you need professional advice.