Author: Kayla Bloom

  Are you a freelancer or independent contractor who receives income from various sources? If so, then you’re probably familiar with the 1099 forms. But did you know that there are different types of 1099 forms depending on the nature of your earnings? In this blog post, we’ll unravel the mystery behind two commonly used… Continue reading What’s the Difference Between 1099 MISC vs 1099 NEC?

Are you struggling to manage your business finances effectively? Do you find it hard to track where your money is coming from and going? If so, a cash flow statement could be the solution you’ve been searching for. In this blog post, we’ll walk through what a cash flow statement is, its importance in financial… Continue reading Cash Flow Statement Example, Analysis, & Explanation

  Are you confused about the difference between the income statement vs balance sheet? Don’t worry, you’re not alone. Many people struggle with understanding these essential financial statements. Both documents provide valuable insights into a company’s finances, but they serve different purposes. In this blog post, we’ll break down each financial statement and explain their… Continue reading Income Statement vs Balance Sheet: Differences & Examples

  Financial statements are a crucial part of any business’s success story. They provide valuable insights into the company’s financial health, performance, and overall progress. But how do you read them? It can be intimidating to try to decipher complex financial reports if you’re not an expert in finance. That’s why we’ve created this comprehensive… Continue reading How to Read Financial Statements: A Comprehensive Guide

  As a business owner, you’re always looking for ways to improve your operations and increase profits. One of the most important tools available to you is financial statements. These documents provide a snapshot of your company’s financial health, allowing you to make informed decisions about everything from investments to hiring practices. In this blog… Continue reading Why Are Financial Statements Important for Business Owners?

Which financial statement is prepared first and why? Let’s find out!   Managing finances is a crucial aspect of running any business. Without proper financial statements in place, it’s hard to get an accurate understanding of where your company stands financially. But when it comes to preparing these documents, which one should you tackle first?… Continue reading Which Financial Statement Is Prepared First & Why?