Everyone has a checkbook. If you think about it, your personal life operates just like your business, but it’s on a cash basis, rather than an accrual basis. You receive money and you pay it out. You can’t pay out more than you have. This is called your business’ cash flow. The balance in your checkbook is what you must
There are two different ways of performing accounting functions in your business: One is on a cash basis, and the
If you’re like many business owners, you may have a loan from your bank. Many of those loans are often
Businesses depend on banks for more than just loaning money. Owners rely on banks to deposit cash, transfer funds, and
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