Startup business owners can be a lot of things -- an accountant, an attorney, a designer, a chef, a baker, or a skilled woodworker. What they usually aren’t is an experienced bookkeeper or accountant. But properly tracking your financial transactions is part of being a business owner, whether you’re a startup or an...
Whether you sell baseball cards, baseballs, or tickets to a baseball game, your business still needs a bookkeeper or an accountant, or ideally, both.
Though bookkeeping and accounting are two terms frequently used interchangeably, they are different. A bookkeeper’s responsibilities are mainly transactional, gathering and entering financial transactions. By contrast,...
If your company has no debt requiring an interest payment, the cash coverage ratio is not useful. However, for those of you carrying debt with interest expense, it can be extremely useful.
The cash coverage ratio is an accounting ratio that is used to measure the ability of...