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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. Now that we’ve had a general overview of the balance sheet, let’s take a deeper look at the information a balance sheet should include.

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How To Evaluate Your Company’s Value

YoungUpstarts

Liabilities are anything that the company owes, often coming with the word “payable,” and may include items such debt owed to creditors and salaries due to employees. Once you have tallied all existing assets, subtract liabilities to come to a determination of the company’s net assets. If your company is worth only $2.5

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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). There was no money train. It was 1991. We still loved every moment.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak.

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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. In order to make sure your books are as accurate and legally compliant as they feasibly can be, we will quickly review the most essential things for you to know about accounting.

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What Is a Cash Flow Statement?

Up and Running

The cash flow statement is one of the three main financial statements (along with the income statement and balance sheet ) that shows the financial position and health of a business. The indirect cash flow statement is more popular because it can be easily created from reports produced by accounting software.

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Nonprofit Policy Review Checklist

Board Effect

The National Council of Nonprofits recommends that nonprofit boards review their policies on an annual basis. It’s important to conduct an annual review of your policies so that your nonprofit organization remains in legal compliance and avoids liability issues. Take as many meetings as you need to do a thorough review.