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How Does Cash Flow From The Balance Sheet To The Profit and Loss?
Watch the video here: Sign up for my upcoming live webinar “Nerd’s Cash Flow Projections” on Friday Oct 14, 2011 (or get the recording afterwards) here: Cash flows in and out – we all know this. Cash...
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QuickBooks – Cash vs Accrual
Cash vs. Accrual basis and QuickBooks Many people ask me what is the difference between Cash and Accrual Accounting. You know those Pepsid commercials at the fast food restaurants where the girl asks...
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10 Easy Steps To Ensure Accurate and Reliable Financial Information.
Is your financial information Accurate and reliable? I am often amazed at how many people assure me that it is until we start going through a few simple exercises to find out. I have discovered entire...
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Which came first, the Balance Sheet, Profit and Loss, Or Statement Of Cash...
When I was studying Accounting at Pace University I remember how much I dreaded the Statement Of Cash Flows. The first time sitting for the CPA exam I simply skipped over the question in which we had...
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Understanding And Building Your Profit and Loss Statement
The Profit and Loss statement is arguably the most popular of the financial statements! Most QuickBooks users I have worked with want to know first what does their Profit and Loss look like? This is...
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QuickBooks – How To Correct A Reconciled Deposit With A Customer Payment
Once a transaction is reconciled you never want to change it. One situation that comes up frequently however is when you have a deposit booked directly to income that should have been booked as a...
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