Stavins and Axelrod Properties Inc
Washington, DC:
What Is a Balance Sheet, and How Can I Use It to Manage My Business?
A balance sheet is one of the three primary financial statements used to monitor the health of your business, along with your cash flow statement and the income statement. Think of it as a snapshot of your company’s financial position — what you own and what you owe — at a singular point in time, like at the end of a month, quarter or year.
How to Evaluate, Manage, and Strengthen Your Resilience
How to calculate your personal balance sheet
To figure out where you stand financially, you need to know your net worth — and yet that number is surprisingly difficult to calculate, writes Jonathan Clements.
7 budgeting tools to better manage your money
Finding the right tool can make any job easier. It’s as true in carpentry as it is in personal finance. The right budgeting tool can make managing money more effective, efficient, and even enjoyable. With that in mind, here is a list of some of the best budgeting tools available today. Some of these options …
Tips to view all the formulas in a sheet at once
It sure would be handy if we could expose all the formulas in the worksheet at once. And we can do this if we use a certain key in the keyboard.
How to find duplicates in Google Sheets
Learn how Google Sheets gives you tools to sort ranges, compare cells, and remove duplicates quickly.
How to Interpret a Financial Statement
Learn how to interpret a company's financial statement including the balance sheet, income statement, and cash flow statement, using a sample report.
How to Run a Trial Balance and Aging Reports
This first blog in the series will go over how to run a few commonly used reports: Trial Balance and Aged Reports.
What Is an Off-Balance Sheet Transaction?
Off-balance sheet transactions enable small businesses to manage cash flow and credit risks. Companies record most of their transactions on their balance sheets. These give a picture of their assets ...
How to Configure the Asset History Sheet in SAP S/4HANA
Learn how to configure the asset history sheet in SAP S/4HANA in this post. Follow along with screenshots so you're ready to keep track of balances.
Why is Data Missing from the Balance Sheet?
I have been asked many times is data a business asset?. Why is it that an intangible asset like data is not in the company’s balance sheet - a statement of the…
4 Balance Sheet Problems and How to Prevent Them
As a business owner, you're bound to make a few accounting mistakes, especially on your balance sheet. Watch out for these four balance sheet problems.
How to Create A Balance Sheet: Tips for Business Owners
This guide shows how to create a balance sheet and why this statement of financial position is vital for small business owners of all types.
How to Set Up a Sheet in Smartsheet
Smartsheet has the familiar look and feel of a spreadsheet as well as special features that make it easy to track or manage any type of work. In this video w...
3 Reasons Why You Can't Trust Your Personal Balance Sheet
Do you know what your net worth would be if you subtracted taxes, changes in the value of your retirement account or even yourself (i.e., you died)?
What Small Business Owners Need To Know About Balance Sheets
The most effective way for small business owners to be sure that they are aware of their company's financial status is to have an accurate balance sheet that reflects the most current information available. By keeping this information up to date every quarter, you can help yourself avoid a lot of problems and surprises down the road.
Everything to Know About Your Business' Balance Sheet
By Kat Tretina – As a small business owner, you likely wear many hats. You’re at once a product developer, marketer, and a customer service representative. But, one of the most overlooked tasks you may have is accounting. Managing your company’s books is a time-consuming and complex process, but it’s necessary for your business’ success. …
5 steps to cleaning your balance sheet before selling your optometry practice
Selling an optometry practice is more than deciding one day that you are ready to retire. A successful and profitable sale must be prepared for years in advance. Unfortunately many optometrists a…
