Cash is King

Cash is king is a popular phrase used in business to describe the three primary sources of cash and the best business practices for utilizing these resources.

Insolvency and Bankruptcy – Know the Difference

Insolvency and Bankruptcy

Every business owner needs to know the difference between insolvency and bankruptcy.  Often these two terms are misunderstood and improperly used in conversation.  You need to know their correct meaning because both are used in civil law and both have different issues to address during the process.  In addition, understanding these two terms builds a better comprehensive understanding of financing your business.

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What is Accrual Accounting?

Accrual Accounting

Accrual accounting is the preferred method of accounting for all business operations.  Any publicly traded company must comply with the principles of accrual accounting.  Small business operations can choose between cash and accrual accounting for their records.  Although cash accounting is the easiest to work with as a small business operation, accrual accounting will provide a more accurate picture of the financial status and affairs of any business operation.

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