Accounting

There are two types of CPAs. Hiring the wrong one can prevent you from getting the insight your business needs.

The statement of cash flows shows where your cash came from and where it went. Here's how operating, investing and financing activities get you to your ending cash balance.

The balance sheet isn't as popular as the profit and loss, but it's the most useful financial statement. Here's how assets, liabilities and equity fit together, and why it has to balance.

If financial statements held a popularity contest, the profit and loss would win. I think it's overrated. Here are its five sections, in plain English, and why detail is earned.

Many small business owners don't have a good pulse on their business. Here are the three basic financial statements, what each one tells you, and why you review them together.

Only a handful of financial metrics are needed to understand a company’s health.

Financial statements are made of small building blocks.