It doesn’t matter what size your business is, accurately tracking and presenting financial information is a complex piece of business ownership. When reporting financial information, it needs to be transparent, consistent and comparable. This is where generally accepted accounting principles or GAAP comes into play. Mark Dicus & Company is here to talk about what…
As a business owner, it is important to have a grasp on money that is coming and going from your business. This is why understanding accounts payable and accounts receivable is so vital to your success. They are often confused for one another because they are closely related in a way. Mark Dicus & Company…
As a business owner, it might feel like you are juggling everything, all of the time. This might be true, but there are some things that you simply must have a grasp on and these are the three components that are used to make up the accounting equation. We are talking about assets, liabilities and…
Financial statements are essential tools for evaluating your financial health, making informed decisions, and meeting legal or business obligations. They offer a snapshot of your assets, liabilities, and overall financial position. But when exactly do you need to have one prepared? In this blog post, the experts from Mark Dicus & Company dive into some…
Tax planning is an essential aspect of personal and business finance that can have a significant impact on your overall financial health. While many individuals attempt to navigate the complexities of tax regulations on their own, working with a qualified accountant can provide invaluable advantages. In this blog post, the experts from Mark Dicus &…
When it comes to running a business, there are several financial statements that work together to give you a good idea and understanding of where you’re doing well as a business and where you could improve. Together, these financial statements help you make decisions to improve and grow your business with confidence. However, there is…
As a business owner, you know that there are important financial statements that you have to stay on top of for bookkeeping reasons. Not only are they helpful when it comes to accounting, these statements are valuable for a number of reasons. Today, we would like to shed some light on what a cash flow…
There are several financial documents that are essential in running a small business. They include a balance sheet, cash flow statement, earnings statement and income statement. We are going to take a close look at an income statement today and talk about what is included in this important financial document. Mark Dicus & Company is…
As a small business owner, it is vital to the success of your business to stay on top of your finances. This can be difficult if you are trying to do it on your own. Luckily, there are several systems that can be put in place so that you know where you stand, financially speaking.…
Just like every small business is different, their use of an accountant might be different two. However, an accountant is invaluable to a small business for many reasons. Small business owners have to work overtime to get their business up and running. Having an accountant with you every step of the way can make all…
