Reporting – Brave Accounting

Check Your Company’s Financial Health: Part 2

By braveaccounting on January 2, 2016

The All Powerful Income Statement Last week we dove into the Balance Sheet, which I am the first to admit is a bit of a snore (though very useful). This week we are going to take a look at arguably the most versatile financial report available (queue drum roll)…the Income Statement. QB or Xero […]

Check Your Company’s Financial Health: Part 1

By braveaccounting on December 21, 2015

The most basic accounting software is going to be able to produce two reports using the accounting entries you have already made: the Balance Sheet and the Income Statement. These two reports are at the heart of financial reporting. Today we will discuss the Balance Sheet. The balance sheet is a snapshot of […]

Stop Bleeding Cash With These Three Reports

By braveaccounting on December 18, 2015

Poor cash flow management is one of the leading causes of small business failure. Money is fast going out but slow coming in, particularly for new businesses that are still building their customer base. Having a monthly budget is a first step to understanding your cash needs but you can go one step further with […]

Virtual CFO? What’s That?

By braveaccounting on December 10, 2015

Accounting, just like every other industry, has made great leaps in technology. Yet, most small business still hire in house accountants to complete their bookkeeping and reporting. Not only is a small business paying the accountant a salary, but they are also stuck with payroll taxes and the high cost of medical benefits. TRUTH: Most […]