Category: Bookkeeping

Balance sheet presentations differ, but the concept remains the same. Some businesses prefer the account-form balance sheet, wherein assets are presented on the left side while liabilities and equity are presented on the right (see highlighted part). Moreover, the government requires businesses to pay taxes as mandated by the law. After earning income, taxes owed … Continued

Check out our outsourced CFO services to see if an external financial executive is right for your business. The accounting cycle provides checkpoints to ensure that your finances are in order every reporting period. Rather than spending time and resources learning the ins and outs of accounting, startup and small-business executives can outsource it. Ignite … Continued