Jacob WesterfieldAug 22, 20232 min readAccounting BasicsAccounting Basics: What is Cash Flow?Cash flow is an important concept for anyone who wants to manage their personal or business finances effectively.
Jacob WesterfieldJul 26, 20232 min readGeneralAccounting Basics: Is Budgeting Important?Budgeting is an essential part of any successful business. It provides a roadmap for the company's financial health and helps in making info
Jacob WesterfieldJun 14, 20232 min readAccounting BasicsAccounting Basics: What is a Statement of Cash Flows?The statement of cash flows is a financial statement that provides information on the cash inflows and outflows of a business over a...
Jacob WesterfieldMay 10, 20232 min readAccounting BasicsAccounting Basics: What Is a Balance Sheet?A balance sheet is one of the most important financial statements used by companies to assess their financial health.
Jacob WesterfieldMar 22, 20232 min readAccounting BasicsAccounting Basics: What Is A Profit and Loss Statement?A profit and loss statement (P&L) is a financial report that shows the revenues, costs, and expenses incurred by a business over a...
Jacob WesterfieldMay 3, 20221 min readGeneralBookkeeping: Why Does it Matter?As a business owner, on any given day you are juggling all sorts of tasks and decisions that need to get done in order to keep moving...