How to Understand Profit & Loss StatementThe Profit & Loss statement is like a thermometer — It tells the temperature of the BusinessNov 6, 2020Nov 6, 2020
Understanding Debit & Credit‘Debit’ and ‘Credit’ denotes two opposite effects of one transaction on two accounting heads.Nov 4, 2020Nov 4, 2020
Understanding Balance SheetsBalance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity.Oct 27, 2020Oct 27, 2020
The Difference between Profit & MoneyThey do not use the word “loss”, they call it negative profit.Oct 22, 2020Oct 22, 2020
The difference between Finance & AccountingYou should know that Finance starts when Accounting ends!Oct 20, 2020Oct 20, 2020
Who is the Finance Person in your Business?The one question you must ask yourself as a businessperson — Am I the decision maker?Oct 15, 2020Oct 15, 2020
Four Things Every Business Owner Should KnowThere are only two rules in business - Rule #1: Always earn more than you spend. Rule #2: Never forget rule #1.Oct 12, 2020Oct 12, 2020