Daniel Levy
Liquidity Ratios Explained
Liquidity ratios are financial metrics used to evaluate a company's ability to meet its short-term financial obligations. They help...
top of page
.png)
BLOG
Daniel Levy
- Mar 14
- 1 min
How to choose Cash or Accrual Basis for your business
Choosing between accrual or cash basis accounting depends on several factors, including the size and complexity of your business, your...
3 views0 comments
Daniel Levy
- Mar 14
- 1 min
What does Accrual Basis mean?
Accrual basis is an accounting method where revenue and expenses are recorded when they are incurred, regardless of when the cash is...
8 views0 comments
Daniel Levy
- Mar 14
- 1 min
What does Cash Basis mean?
Cash basis is an accounting method where income and expenses are recorded when cash is received or paid. This means that revenue is...
6 views0 comments
Daniel Levy
- Mar 14
- 1 min
What is a Statement of Cash Flows?
A statement of cash flows is a financial statement that reports a company's cash inflows and outflows over a specific period of time,...
7 views0 comments
Daniel Levy
- Mar 14
- 1 min
What is an Income Statement?
An income statement is a financial statement that reports a company's revenue, expenses, and net income (or loss) over a specific period...
5 views0 comments
Daniel Levy
- Mar 14
- 1 min
What is a Balance Sheet?
A balance sheet is a financial statement that presents a company's financial position at a specific point in time by providing a snapshot...
6 views0 comments
Daniel Levy
- Mar 14
- 1 min
What is an Expense?
An expense is a financial transaction that results in a decrease in a person or organization's assets, such as cash or property. It...
5 views0 comments
Daniel Levy
- Oct 5, 2022
- 1 min
What is revenue?
Revenue is the total amount generated by the sale of goods or services related to running your business. Revenue is only sale proceeds,...
12 views0 comments
Daniel Levy
- Oct 4, 2022
- 1 min
What is equity?
Basically, if you take everything of value (assets) the business owns and subtract everything the business owes (liabilities). The left...
7 views0 comments
Daniel Levy
- Oct 3, 2022
- 1 min
What is a liability?
A Liability is something (usually cash) your business legally owes to an individual, another business, bank, or sometimes the government....
10 views0 comments
Daniel Levy
- Oct 2, 2022
- 1 min
What is an asset?
Simply put an asset is something of value that your business has because of a past event. Your business has cash (the most famous asset)...
9 views0 comments
Daniel Levy
- Oct 2, 2022
- 1 min
What is bookkeeping and why should I care about it?
When most people think of accountants they think of tax. Not every accountant prepares tax returns. Bookkeeping is the basic core of...
11 views0 comments
Daniel Levy
- Oct 2, 2022
- 1 min
What is accounting and why is it important?
Accounting is the system of recording and summarizing business transactions and analyzing, verifying, and reporting the results....
7 views0 comments
bottom of page