In the previous chapter, we explored the critical distinctions between tax reporting and financial management, emphasizi …
In the Income Tax & Adjusting Entries discussion, we explore the importance of accurate financial reporting and why …
These weekly notes on The Financial Operating System strive to empower business owners to get better insight into their …
Prior weekly notes have referenced the value of using accrual-basis accounting instead of cash-basis accounting, and the …
In previous weekly notes we referenced the power of the cash flow statement. It’s a powerful tool for understanding th …
In the previous chapter, we explored the differences between accrual and cash accounting, highlighting how accrual accou …
As you get more and more control over your financial reporting and analysis, a key accounting principle you’ll need to …
Chapter 25, “Budgeting vs Forecasting: What Really Matters,” explores the distinction between budgets and fo …
After implementing The Financial Operating System® and then going through at least a couple monthly close cycles, it is …