Accounting Equation Explained - Definition & Examples
Although Coca-Cola and your local fitness center may be as different as chalk and cheese, they do have one thing…
10 min read
small business accounting
small business accounting
4 posts
Latest Posts
What is a Balance Sheet? Explained under 3 minutes
A Balance Sheet offers a snapshot of your company’s financial position at a moment in time.
The Balance Sheet helps you answer the questions:
- How much does your business own?
- How much does your business owe?
- How much was invested by your own fund, or shareholders funds?
2 min read
What is an Income Statement and Why Is It Important?
Everything you need to know about the income statement - from the definition of what income statement to the reasons why businesses need to prepare an income statement.
2 min read
A Step-by-step Guide To Understanding & Reading Balance Sheets
A balance sheet is like a performance report of any company. It gives you an accurate picture of how your…
7 min read
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