Tag: reports
-
Cash vs Accrual Accounting: Which is right for you?
There are two ways to track your business’s money, the cash method and the accrual method. In order to keep accurate records, it is important to follow one regularly. Each basis has its pros and cons. Some businesses run better on a cash basis, other on accrual. In order to understand which is best lets…
-
Bookkeeping Basics: Essential Concepts Every Small Business Owner Should Know
Running a small business involves juggling multiple responsibilities, and managing finances is undoubtedly one of the most critical tasks. Understanding fundamental bookkeeping concepts is essential for maintaining accurate financial records and making informed business decisions. Let’s explore the basics of bookkeeping and how small business owners can apply these principles effectively. Fundamental Bookkeeping Concepts There…
Arrowhead Financial 