Reports

The Taxman (and Auditors) Cometh.  Be Prepared!

Maybe you don’t plan on doing your annual audit until mid-year. Or year-end.  Maybe you plan to delay it until the last possible second.  It doesn’t matter.  (Well, it does, up-to-date financial statements make a great impression on potential investors. But I digress.) Now is the time to start to get your audit stuff together.  …

The Taxman (and Auditors) Cometh.  Be Prepared! Read More »

Who Are the People in Your (Finance) Neighborhood

So, those of you who grew up with Sesame Street might remember the classic sketch “Who are the People in Your Neighborhood”, in which friendly Sesame Street adults took us on a musical tour of the neighborhood, and introduced us to local professions. We met teachers, librarians, nurses and the like. We never met accountants. …

Who Are the People in Your (Finance) Neighborhood Read More »

Black is always the New Black (Statements of Operations/ Income Statements)

Today, we are going to talk about one of the most important reports, a report all of your potential investors will want to see and pore over.   The statement that answers the question:  are you making money or are you losing money?  What statement is this? Statement of Profit & Loss. Or something else. Like …

Black is always the New Black (Statements of Operations/ Income Statements) Read More »

Timing is Everything (in Your Financial Statements)

So, I’m sitting here, trying to write an article about the statement of operations and some other bits and pieces making up your audited financial statements .  It’s audit season, I’ve got financial statements on the brain and don’t see any reason why you shouldn’t as well.   And I’m writing stuff like “earnings over the period” …

Timing is Everything (in Your Financial Statements) Read More »