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Understanding Your Financial Statements 101

Posted on February 20th, 2017

Jack Kern
Owner, President
Outsourced Accounting Department, Inc.

If you are new to our website, over a period of several months I have written a series of articles to help our clients better understand their financial statements. Below are a few that I feel address most of the common questions we hear from clients, or about which many small business owners often have some confusion:

Profit vs. “Taxable Income”

Yes, you can “have it both ways.”  See why.

Profit vs. Cash Flow Made Easy

How is it that you can show a profit, but not see the cash in your checking account?

Analyzing the Components of Cash Flow

A micro look at “Profit vs. Cash Flow.”

The Effect of Sales Growth On Cash Flow

So what IS the risk of growing too fast?

Financial Planning, or Business Turnaround – Your Choice

The importance of anticipating and addressing funding needs before they occur.

Larry’s Exit Strategies, Inc.

What determines the value of your business?

The Difference Between Your CPA and a Controller: “M-1”

“Profit vs. Taxable Income” further explained.

If you need more details on a particular topic, there are links to other articles in those above, or, click on our blog for a complete list, including in the archives.



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