by Michael Eckstein | Jul 16, 2022 | Accounting, Basics
Financial reports need context Financials are relatively meaningless without context. The context is what gives them their real weight, significance, and, well, meaning. Otherwise, they’re just numbers on a page. For example, the same set of financial statements...
by Michael Eckstein | Jul 9, 2022 | Accounting, Basics
Your service offerings impact overall profitability (and personal fulfilment) You started your business because you’re good at what you do. That could be marketing, accounting (like me 😉), consulting, or something else. You’re good at something and...
by Michael Eckstein | Jul 2, 2022 | Accounting, Basics
Cash vs accrual basis Accounting seems simple, at first. It’s just a bunch of transactions and numbers that need to be categorized and reported. But, when you report the numbers is a much bigger issue than you first realize. For simple transactions (like buying...
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