Investigating variances

Investigating variances

Investigating variances, moreover, when to do so is an important part of any business.  A variance is the difference between a budgeted figure and an actual figure. It can happen in almost any area of a business—sales, costs, profit margins, etc. There are five key...
Understanding assets and liabilities

Understanding assets and liabilities

One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
How to use ratios to make financial judgements

How to use ratios to make financial judgements

    Why should you use ratios to make financial judgements?  Well, are you curious how well your business is doing financially? Or maybe you’re looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to...
Creating your financial story

Creating your financial story

    It can be easy to put off creating your business financial story plan – after all, who has time for that? But don’t underestimate the importance of this document. Your business financial plan is vital, serving as both your road map and your...