Bookkeeping
The records a lender asks for
When a client tells us they are applying for a line of credit or an equipment loan, the first thing we do is build the lender's file ourselves. Every bank sets ...
Bookkeeping
Reading your own profit and loss
Many owners receive a profit and loss statement every month and read one line: the bottom one. The rest of the report explains that line, and it answers ...
Bookkeeping
Closing the month by the tenth
A profit and loss statement is most useful while the month it describes is still recent. A close that finishes by the tenth business day gives an owner a ...