What is business accounting? 21 tips for business owners

Managing business finances doesn’t have to be the bane of your professional existence. Nor does it have to take you away from the personal reasons you started your company in the first place.

Instead, the basics of small business accounting come down to a handful of best practices and only three essential reports: your balance sheetincome statement, and cash flow statement. These might sound like they require a professional bookkeeper, but the truth is far from it.

The following accounting checklist lays out a recommended timeline for the accounting functions that will show the state of your business and allow you to streamline your tax preparation. For a thorough understanding of business accounting, continue reading. If you’re looking for a specific answer, use the links below to jump to a section of your choosing.

What is business accounting?

Whether you’re the proud owner of a new

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5 Tips For Finance Leaders From RE/MAX’s CFO

The finance field has undergone massive changes in recent years, from the emergence of new technologies – which pose both challenges and opportunities – to the growing demand that finance leaders speak about and act on social issues. This has mandated that finance professionals at all levels – but especially those in leadership roles – move from out of the back office and into the public spotlight, adapting to a new normal in which finance pros are analysts, communicators and decision-makers.

In the first installment of my two-part Q&A with Karri Callahan, CFO of global real estate company RE/MAX, Karri and I discussed the state of the real estate industry as well as the challenges of being the central finance chief for a franchise-based enterprise. In part two, I asked Karri about her own unique insights and tips for aspiring

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