The Joys of Forecasting
TGIFF! I am really excited about this Finance Friday entry. I hope you all enjoy it as much as I do. Today we are going to move from analyzing what has happened to predict what will happen. I worked as a financial analyst in corporate America for over eight years. In this role every month we went through what was called “The Close.” The Close is filled with long days of never-ending work. In finance and accounting, The Close process is used to record all the revenue and i
How You Doing?
Hey There, thank you for stopping by. We finally made it to March. I am so excited that spring will be here in just a few more weeks. Over the last couple of weeks, we have taken the time to review our revenue and expenses today we are going to pull those two concepts together and talk about profit. How did you do? Profit is seeking to answer the basic question of ‘how did your business do?’ When you are running a business, you want to understand this so that you can assess
What's the Expense
Hi Guys, welcome to this week’s Finance Friday post. Today we have some interesting stuff to talk about, expenses. Expenses are a critical part of running your business. How does that saying go? “In order to make money, you have to spend money.” and it is true. Circle of Life: When you think about your finances, in theory, you can picture a continuous cycle. First, you spend money on investments that will be used to run your business. Once you have spent the money, you wi
Finergy Five! Do You Know These Elements?
Hey there, thanks for stopping by. Today we are switching it up a little bit. From time to time we will be posting what we like to call the Finergy Five, which will consist of various top five list. Today in our first Finergy Five, we will be looking at five key financial elements: 1. Revenue and Accounts Receivable – To run your business, you need to understand where your revenue streams are coming from and how your clients pay you. The relationship to between revenue and ac