Tag: corporate accounting

Making a Profit

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business…

What Bookkeeping Tasks Need to be Done + When

Weekly 1. Check Bank Balances It’s a good idea to always be aware of your bank balances. You’ll know if you are getting low or sitting ok. Looking weekly also helps you see trends in your monthly finances. When do you have the most…