Accounting Archives - Page 5 of 8 - MSM Advisors - CPAs and Small Business Advisors

Everything You Need to Know about Startup Income Statements

Oct 24, 2016 | Accounting, Business Insights, Financial Management

An income statement or a profit and loss statement, reports the changes in income and expenses over a period of time, usually monthly, quarterly or yearly. This financial statement is important because it shows the profitability of your business. This post will help...

5 Ways Your Startup Can Save Money on Taxes

Oct 17, 2016 | Accounting, Business Insights

This post will break down expenses that are commonly mistaken as personal expenses, but are actually tax deductible business expenses. Making sure you properly keep track of your business expenses can save you thousands of dollars on taxes. Get organized First you...

How to Use Financial Data to Make Better Business Decisions

Oct 14, 2016 | Accounting

When it comes to making smart business decisions, using analytics and metrics to guide you will ultimately lead to the best results. In this blog, we will discuss some ways you can use your financial tools to create smart, data-driven decisions. Balance Sheets...

6 Quick Tips to Build Your Startup’s Budget

Oct 6, 2016 | Accounting, Financial Management

Budgeting is an important part of reaching your financial goals, and a powerful tool for any business owner. A budget is used to regulate how quickly and in what ways your money is being used. Using this tool helps maintain short and long term financial plans, which...

Understanding Your Startup’s Cash Flows

Oct 4, 2016 | Accounting

Managing money isn’t usually what draws people toward becoming entrepreneurs, but it’s a big part of the game. While learning all the ins and outs of cash flow can be a major time investment, lack of knowledge about managing cash flows is one of the top reasons why...

6 Financial Books Every Small Business Owner Should Read

Jun 22, 2016 | Accounting, Business Insights

Starting your small business can be stressful and overwhelming. These 6 books will help you make sense of your numbers and give you a guide to running your own business. Simple Numbers, Straight Talk. Big Profits! by Greg Crabtree Need help making sense of your...