Tag: financial

Cash v. Accrual Accounting – Whatchu Talkin’ About Willis?

Executive summary.  There are basic differences between cash and accrual accounting.  Here’s a quick review. What is accounting?  Sounds simple, right?  It’s just keeping track of money in a business.  And money only does one of two things – it either goes in the bank account, or out of the […]

Users of Your Financials: What They’re Looking At

Download PPT Download PDF Executive Summary: Some parties may require their own review of your financial reports before doing business with you. The two documents of interest to these parties are the income statement and the balance sheet. The major items they’re looking at are briefly discussed here and a […]