Tag archive for Balance Sheet

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• Balance Sheet, Business Tools

Looking for a fresh start in 2023? Discover First Steps Financial’s five ways to welcome the new year (and make it your best yet!).

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• Balance Sheet, Business Tools

When it comes to business, most people think that the more markets they conquer, the better. But this isn’t always the case. In fact, specializing in one area of business can have a number of benefits for your company.

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This is the time of year I reflect back on 2022 and think about what worked well and what didn’t. I love belonging to my Smart Boss Business Book group. It is composed of amazing women who share their experiences and how they are applying what they learned from the books we are reading.

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All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. Too many “fake” bills are being sent, and all businesses should have safeguards in place. Let’s take a look at the workflow of accounts payable to see where we can put some controls in place to protect your hard-earned money.

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• Balance Sheet, Business Tools

The equity section of a business’s balance sheet is the most difficult part to understand. The accounts that make up that section vary depending on the type of entity in which the business is structured. In this article, let’s take a look at what the equity section looks like for companies that are organized as partnerships.