Tag Archives: Financial Literacy

Financial Intelligence Tip# 7: Primary Financial Statements

Posted on April 21, 2011 by Susan Hammond

The 3 primary financial statements are the balance sheet, the income statement, and the statement of cashflows. Continue reading →

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Financial Intelligence Tips# 5 & 6: Cash vs. Accrual, Burn Rate

Posted on April 19, 2011 by Susan Hammond

Running a business means understanding cash vs. accrual basis of accounting and what it costs to run your business or the burn rate. Continue reading →

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Financial Intelligence Tip #4: Reviewing Accounts Payable

Posted on April 13, 2011 by Susan Hammond

Three things to consider when reviewing accounts payable: how old are invoices, do you know the vendors, and is payment scheduled too soon? Continue reading →

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