Companies benefit most from accounting firms that have an interactive relationship with the business owner or senior management. A strong relationship will save time and money. Find out how to choose a firm that will deliver.

Having a business budget in place is an essential part of running a business. Follow these simple steps to get started.

Companies benefit most from accounting firms that have an interactive relationship with the business owner or senior management. It is that relationship that saves time and money in the long run.

Small business owners keep busy attracting and retaining clients. So who’s minding the financial store? Get tips on how to stay on top of the company books from the co-founder of an accounting services firm.

This U.S. Chamber of Commerce contains all of the essential items needed for preparing a balance sheet. Open the file and save. Use the template to get a snapshot of your organization’s financials.

Use this template to maintain an accurate ledger of your customers' charges, payments, and account balance.

The purpose of financial statements is to communicate. This Business Builder article describes concepts like assets, liabilities, and net worth that relate to small business. Learn how to create a balance sheet for your company and analyze liquidity and leverage.

A trial balance sheet lists all of your bookkeeping accounts balances. Keep on top of all your financials. Use this template to create a trial balance sheet for your business.

Cash flow problems can kill business that might otherwise survive. To prevent this from happening to your business, remember these ten cash flow rules.

Liquidity is your company’s ability to pay the bills as they come due. We’ve all heard the saying “Cash is kin,” so here are seven quick and easy ways to improve your company’s liquidity.

If you own a small business and don't have access to a wealth of capital, learn how to manage with the cash you have. From keeping an eye on cash flow to focusing on function, not form, article author Guy Kawasaki offers helpful tips. Keep your business running until your big payday arrives.

Startup, high-growth ventures usually operate with negative cash flow for several months, if not years. Bootstrapping is one way to extend existing cash. Here are a few ways to bootstrap your company and extend your cash runway.

Use this cash flow template to project your business's cash inflows and outflows over a six month period.

Open-book management (OBM) is the practice of opening company books to employees. The idea is that financially literate employees can reduce costs and boost the bottom line. Entrepreneurs from different industries share their thoughts and approaches to OBM.

A Profit and Loss (P & L) or income statement measures a company's sales and expenses over a specified period of time. Its function is to total revenue and subtract expenses. Use this guide to create a profit and loss statement for your business.

Download this template, then enter your revenues and expenses to create a profit & loss statement for your business.

Open-book management (OPM) helps your employees think like bottom-line business owners. Access to the financial books gives staff a sense of ownership. OPM can increase your employee’s accountability and profitability.

Unfamiliar accounting terminology got you down? Bust through the jargon. By gaining a better grasp of these terms, you can monitor and improve your company’s profitability.

Knowing the rules and proper documentation, as well as carefully monitoring your deductions, can help prevent an IRS audit.

Some companies can find short-term success without following the laws of economics. But to survive and grow, your business will have to follow the rules. Learn about key economic principles and how to apply them to your business.

Many small business owners are so busy building their businesses that they neglect their personal financial affairs. They shouldn't overlook long-term wealth management planning. Savvy business owners take the time to address both their professional and personal finances.

Budgeting is a much maligned term. Nevertheless, budgeting is a valuable management tool. These nine tips will help you manage your budget and take control of your business destiny.

Most businesses need financing. Profits don’t guarantee money in the bank. Use the business plan process to determine what your company needs for start-up costs, expansion, or working capital.

Some business concepts and vocabulary terms may be new to beginning entrepreneurs. This training guide will introduce you to several methods that will help you analyze your operations and profitability. Learn about profitability, break-even analysis, return on assets, and return on investment.

Many small and mid-sized companies are run by entrepreneurs who are highly skills in some key aspect of their business, but are less savvy in financial matters. The goal of this document is to help you become familiar with some of the most powerful and widely-used tools for analyzing the financial health of your company.