Cash flow reveals a lot about a company’s ability or lack thereof to meet its financial obligation, and thus it tells a more accurate story about a company’s situation than net income. In a nutshell, it is the money that moves in and out of the business in a month. Companies with positive cash flows […]
Feeling Broke and Hopeless? Don’t File for Bankruptcy Until You Read This!
Image: CC BY-SA 3.0, by Nick Youngson, via Alpha Stock Images/Blue Diamond Gallery Is filing for bankruptcy just another sad move in a line of bad money management? Or can it be a thoughtful business decision to help you learn and grow? Most of its connotations are negative, from celebrity bankruptcies to relentless commercials on […]
What Is Net Income – How To Calculate And Find It?
Financial reports, or financial statements, include a balance sheet (statement of financial position), income statement (P&L or statement of comprehensive income), statement of changes in equity (statement of retained earnings) and cash flow statement. The bottom line of the income statement is net income. This is why many people may want to ask: “what is […]
What Is An Income Statement And How To Prepare It
It is important to know what is an income statement because it tells you what goes into a business so that we know what can go back out while still ensuring success, and thus the income statement is a strong testament to the viability of an organization. When it comes time to pay our taxes, […]
What Is A Cashiers Check And When To Use It – Tips And Information
What is a cashiers check and when to use it? A cashier’s check is a form of guaranteed payment that pays the addressee with a bank’s own funds, rather than with money from a personal account. Because cashier’s checks are signed by a bank or credit union employee and backed by the bank itself, they […]
Credit Repair Kit for Dummies Book Review
Many family households find themselves falling into debt partly due to spending too much money with their credit cards. If you need help repairing your credit score and climbing out of the hole that can’t seem to crawl out of, then Credit Repair Kit For Dummies may be just the book for you. Credit Repair Kit […]
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