A leader is one who knows the way, goes the way, and shows the way. – John C. Maxwell
Accounting may not be your business strength but don't count it out as a learnable business tool. When outlining your business you must consider the monthly expenses which will be incurred as well as the sources of income your expecting to pay for those expenses. But, how are you tracking the financial information? Whether using an accounting system or manually tracking, here's some information you should know.
Let's talk about -- what is a (accounting) worksheet? A worksheet is a multiple-column form used in the adjustment process and in preparing financial statements. As its name suggest, the worksheet is a working tool. The worksheet is merely a devise used in preparing adjusting entries and the financial statements.
When a company chooses to use one, it prepares financial statements from the worksheet example you see above. The worksheets make it possible to provide the financial statements to management and other interested parties at an earlier date. Fontenot & Associates Solutions LLC offers the professional support to streamline business processes.
What has your company designed to use? Comment on this blog post and share with other business owners looking to build or strengthen their accounting processes.
Remember, education is key and the tools to get you started are here.
Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.