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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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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. Almost no financings, many VCs and tech startups cratered for the second time in less than a decade following the dot com bursting. There was no money train. It was 1991. We still loved every moment.

Valuation 466
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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.

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5 Ways to Improve Your Business Financial Management

Up and Running

Now, managing and analyzing your business finances doesn’t have to be a frustrating process. Here are a few tips to help you better manage your business finances. These advanced platforms can help small businesses, startups, and solopreneurs automatically log transactions and monitor account balances.

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12 Ways to Stay on Top of Your Business Finances

Up and Running

Try setting aside one day a month to pour over your business’ balance sheet , income statement , cash flow statement , and budget. Use the right software and study up. With appropriate software , you will be able to get to grips with it and will be able to complete this task quicker. Use cloud-based accounting Software.

Finance 89
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Cash Flow

Up and Running

Broadly speaking, businesses bring in money through sales, financing, and returns on investments—that’s cash flowing in. 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. .