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11 Accounting Resources
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The Basics of Money Management
entrepreneur.com— — Before you start making money, you’ve got to figure out how you’re going to accept payments, establish payment and credit terms, and manage your finances. This how-to by entrepreneur and author James Stephenson will help.
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Bookkeeping Basics
businessweek.com— — “It’s not unusual for small companies to find themselves in financial disarray. Paul Stappas, president of Bookkeeping Administration Management in New Jersey, urges entrepreneurs to get their records in shape for 2008 and gives tips for doing that”
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Preparing Your Financial Statements
whitman.syr.edu— — “Financial statements present the reader information about the organization’s financial health at a given point in time (balance sheet), and the results of the organizations performance over a period of time (income statement and cash flow statement)”
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Basic Business Numbers
blog.timberry.com— — “This seven-part video, Basic Business Numbers, takes you through the fundamentals of financial forecasting to give you what you really need to know to do the financial projections that are normally part of a standard business plan”
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Financial Models for Underachievers: Two Years of the Real Numbers of a Startup
blog.guykawasaki.com— — Glenn Kelman of Redfin bares his financial soul so that other entrepreneurs can get greater insight into the witchcraft called financial modeling. In this two-part posting on Guy Kawasaki’s blog, Kelman reveals his eye-opening numbers and lessons.
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Smart Startups Don't Wait to Set Up Accounting Systems
gsb.stanford.edu— — “The question of when to set up management control systems such as financial planning and monitoring tools haunts most entrepreneurs involved in startup operations.”
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A Closer Look at Financial Statements
eventuring.kauffman.org— — “The ability to understand and communicate financial information is critical to every entrepreneur. To succeed at business, you need to learn the language of business.”
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How to Better manage Your Cash Flow
entrepreneur.com— — From Entrepreneur.com, four steps that will help you keep track of the money coming in and out of your growing company.
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Reflections on Cash Flow
eventuring.kauffman.org— — “For entrepreneurs, the importance of cash flow cannot be overstated. Simply put, no cash, no business”
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Bookkeeping and Accounting Basics
inc.com— — “The article outlines how to keep track of receipts, set up and post ledgers, and create basic financial reports.”
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Cash vs. Accrual Accounting
inc.com— — “There is a keen difference between cash and accrual accounting methods. This article outlines the key differentiation points when it comes to accounting for revenues and expenses.”