reporting
Every post tagged reporting.
The Canadian filing calendar a small company actually has
Source deductions, sales tax, information slips and the corporate return run on four different clocks set by four different rules. Here is the shape of the year.
Three statements, three different questions
The P&L, the balance sheet and the cash flow statement are not three views of the same number. Each answers a question the others cannot, which is why a profitable business can run out of money.
Cash or accrual — the choice decides what your numbers mean
Cash accounting tells you what moved. Accrual tells you what happened. For most growing businesses the difference between them is the whole picture.
How to design a chart of accounts you will not regret
Most charts of accounts are too detailed in the wrong places and too vague in the ones that matter. The test is whether an account answers a question you actually ask.
Clear books. A clearer head.
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