When do you know how you did last month? A reasonable time to have completed financial statements is between the 10th and 15th calendar day of the month. Another way to think of it is 5-10 business days. This can …
Lately, I have noticed a number of advertisements on how AI can help make the 13 week cash flow forecast easier to complete. I’ll take that at face value but the bigger question is why are you doing this at …
Last week, I got a call from one of the finance & accounting team members at a client. He had given me a heads up that he was having a meeting with the CEO so I knew it would be …
On November 12, 2025, the US Mint announced that they had struck the final run of pennies for general circulation. They cost nearly four cents each to produce so I understand the economic rationale. There are 300 billion of them …
There is classic children’s story, If You Give a Mouse a Cookie by Laura Numeroff which whimsically discusses the downstream events of giving a cookie to a mouse. The mouse will then need milk to wash the cookie down. When …
No, this isn’t going to be about Equity as in DEI (Diversity, Equity, Inclusion). This is about balance sheet equity. And if you run a business, you had better know what your equity (also known as “net worth”) number is …
I review multiple financial statements every month. While I don’t have an actual checklist and there are variations from one client to the next, I tend to follow the same process each time. I almost always start with a trend …
Each month when you receive your financial reports, what insights come along with them? If you’re the business owner or president, you should be asking this question. If you’re responsible for delivering the reporting package, you should be striving to …
There is an old saying that “a picture is worth a thousand words.” While I’ve never done the math, I suspect that is close to true. I often use charts and graphs to tell a story. Years ago I remarked …
It’s been a while since I’ve written a piece that is technical in nature and deals with understanding financial statements so I suppose that I am overdue. The statement of cash flows is one of the most important, but least …
