Facebook Linkedin Twitter

Income Statements

In financial planning, forecasts and projections aren’t the same

Financial Oversight, Financial Planning, Financial Projections, Financial Statements, Small Business, Small Business Owners /

Businesses are rightly encouraged to regularly generate professionally prepared financial statements. Doing so is important for both understanding your own financial position and providing accurate, comprehensive information to stakeholders such as investors, lenders and advisors. However, keep in mind that financial statements are historical records. They depict the state of the company at a given […]

In financial planning, forecasts and projections aren’t the same Read More »

Like every business, a start-up needs a sensible budget

Budgeting, Business Start Ups, Cash Flow, Small Business /

An impressive 432,834 new business applications for tax identification numbers were submitted during October 2022, according to the U.S. Census Bureau. Indeed, despite the relatively higher costs of doing business these days, plenty of start-ups are still launching. One thing that every new company needs, along with a business plan, is a sensible budget. And

Like every business, a start-up needs a sensible budget Read More »

Let your financial statements guide you to optimal business decisions

Financial Statements, General Accepted Accounting Principles (GAAP), Sales, General, and Administrative Expenses (SG&A), Small Business Owners /

Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource that’s probably just a few clicks away: your financial statements. Assuming you follow U.S. Generally

Let your financial statements guide you to optimal business decisions Read More »

At the very least, update the financials in your business plan

Business Plan /

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management team description, implementation plan, and financials. Now, ideally, you would comprehensively update each section every year. But if the size, shape, and objectives of your

At the very least, update the financials in your business plan Read More »

Deciding whether a merger or acquisition is the right move

Merger & Acquisition, Small Business, Strategic Business Planning, Tax /

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate of growth organically — by increasing sales of existing products and services or adding new product and service lines —

Deciding whether a merger or acquisition is the right move Read More »

Financial statements tell your business’s story, inside and out

Accounting, Bookkeeping, Financial Statements /

Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements. In short, financial statements are detailed and carefully organized reports about the financial activities and overall position of a business.

Financial statements tell your business’s story, inside and out Read More »

Sign up for our company newsletter featuring professional and personal information.

Copyright 2024 ©
, All Rights Reserved, Douglas L. Freeman, CPA, LLC | Privacy Policy | Disclaimers | Legal | Careers