Where Can I Find a Cash Flow Statement For My Business?

A cash flow statement is a report that tracks the money that flowed into and out of your business over a fixed period of time. Click below to download a cash flow statement template you can use to create this important report for your company. Cash Flow Statement What Is a Cash Flow Statement?  The primary purpose of a cash flow statement (also called a statement of cash flows) is to show you how much cash your company made and Read More

Capital One’s Massive New $2,000 Intro Offer: Everything You Need to Know

CapitalOne, always a solid choice for business owners looking for business credit cards, is coming through big this time. Effective 10/22/2019, the and will be rolling out much bigger, much improved limited time welcome offers. Both cards are aimed more towards big spenders and waive the annual fee after the first year, and this new opportunity to earn big gives even more incentive to apply and wield this card for daily business purchases. New Limited-Time Offers The formerly offered a Read More

How to Use Your Balance Sheet, Income Statement, & Cash Flow Statement

As a small business owner, it’s essential that you understand the financial health of your organization. If you’re running the company yourself, you may have to do some of the business accounting yourself. If that’s the case, there are three key financial documents you should be aware of: balance sheet, income statement, and cash flow statement.  Balance Sheet Template Income Statement Template Cash Flow Statement Template 3 essential financial documents for your business These three documents provide critical information about Read More

Balance Sheet vs. Income Statement: What’s the Difference?

A balance sheet details your company’s assets, liabilities, and shareholder equity at a specific time. An income statement shows what income is going in and what spending is going out, detailing a net profit or loss for a company. Balance Sheet Template Income Statement Template What is a balance sheet? A balance sheet is a financial statement of what a company owns, what it owes, and how much shareholders invest.  The balance sheet formula is: Shareholders’ equity + Liabilities = Read More

What Is a Cash Flow Statement?

A cash flow statement, also sometimes called a statement of cash flows, is one of a handful of financial statements that are essential for running a successful business.  Where an income statement gives you an idea of your income and expenses and a balance sheet provides a snapshot of your assets, liabilities and owner’s equity, a cash flow statement is focused on your cash and cash equivalents—cash equivalents are other liquid assets that can be quickly converted into cash. More Read More

What Is an Income Statement?

An income statement provides an at-a-glance summary that shows whether your business is earning a profit or losing money. Download this free sample template for an example of how to create an income statement of your own. Income Statement Template What Is an Income Statement?  An income statement is commonly referred to as a profit and loss statement, or P&L for short. You might think of it like your business’ financial report card. It’s an important financial statement that shows Read More

Is There a Credit Karma For Businesses?

Nowadays, when people think of credit scores, their mind often goes to what they see on America’s best friend: television. Even without seeing a single commercial for a free credit monitoring service, most if not all people know that credit scores are important, and something to be watched and taken care of. They are, after all, your lifeline to some of life’s biggest milestones like buying a home, paying for college, or getting a bigger boat than your loudmouth neighbor. Read More

Where Can I Find An Income Statement Template?

One of the easiest ways to create your own income statement is with a free income statement template. Use this one to get you started with your own personalized balance sheet, one of the most popular financial statements for a business.  Income Statement Template Here are some tips to help you use it wisely and get the most out of the information it provides. Look at an income statement example to see how one will appear when finished. Note where Read More

A Cash Flow Statement Example For Your Business

A cash flow statement is an essential financial statement for a business. As its name suggests, it provides a summary of the amount of cash and cash equivalents that come and go in the course of running your business.  Download this cash flow statement example to get started on yours. Cash Flow Statement “A business could be profitable but at the same time have cash flow problems” says Jo-Ann Yuen, Vice President of Finance at Nav. “Depending on how severe Read More

Life Insurance For SBA Loans: The Definitive Guide

Finding out you need a life insurance policy to fund your SBA loan can be shocking, and trying to navigate the different insurance options can be confusing. But it doesn’t have to be.  Getting life insurance for a Small Business Administration loan can be super fast and very easy, depending on the type of life insurance product you choose.Here’s the breakdown of why you need life insurance for your SBA loan, how the entire process works, and how to get Read More