Financial Statements – The UN-Complicated Version! When I first learned how to read and use financial reports, I would assemble the information to show my partner and husband, Hot Rod, how we were doing. I’d cover his desk with pages and pages of financial reports. His eyes would glaze over. One day he [...]
Imagine…you discover the certified letter in your mailbox from the IRS, announcing you have been selected for an audit. No worries! Once upon a time, I made a “Slinky-knot” mess out of my QuickBooks™ file. Fear of an audit – and a growing pile of unpaid bills – encouraged me to get it sorted out. [...]
Business is pretty easy. I wish we taught accounting and finance basics in sixth grade. Alas, I didn’t even learn how to balance a checkbook during my high priced stint at a private college for a Business Administration degree. However, once I learned business basics – stumbling through our family business and with the help of great [...]
If you were driving 80 miles an hour, in the dark, with your lights off, heading towards a cliff, would you like someone to yell, "STOP?" OK. Stop! Do you produce financial reports – the balance sheet and income statement – every week? Do you analyze sales, costs, cash flow, and debt every week? If [...]
