Accounting advice, made awesome.

Balance Sheet vs. The P&L (And why it’s important)

We often see prospective clients paying special attention to the profit and loss statement (P&L), but ignoring the balance sheet. That’s a mistake, as both are important. Let’s drill into their difference between the balance sheet and the P&L with this cheat sheet:

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Borrowing Base Calculator | Business Line of Credit

What You Need To Apply For A Business Line Of Credit.

To apply for a business line of credit, a lender is going to want to know that your company is in good financial health. Additionally they will want to know what kind of collateral your business can offer to secure the line of credit. There are a few key accounting metrics that you should track: Your liquidity KPIs and your borrowing base calculation. (Includes borrowing base calculator)

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Debt-to-Equity Ratio

How to Calculate Your Debt-to-Equity Ratio (With Calculator)

Why should you care about your debt-to-equity ratio? Investors care about your liquidity (asset health) and solvency (debt health), and as a business owner, you should too. In financial metrics, that means tracking your current and quick ratio and your debt-to-equity ratio respectively. On the simplest terms, debt is what you owe, equity is what you own. Includes a debt-to-equity ratio calculator and infographic.

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CFO v Controller Which One Should I Hire?

CFO vs. Controller: Which One Do I Need?

Truthfully, the finance department is not always the first thing business owners think to scale as their company grows. More often than not, business owners come to this realization once they have seen a big jump in revenue and suddenly realize that some more strategic financial planning is in order. So which one should you hire first? A CFO or a Controller?

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