Financial | BUYPROVIGILUSA

All Posts in "Financial"

How To Cut Out Business Expenses And Spend Less

You’re a business owner and you can’t afford to waste money on unnecessary expenses. You know it’s important to keep track of your business expenses, but you want to spend less rather than more money on your business. You’ve probably heard the term “cash only budget” before. And you might have even tried using this method of tracking spending before without much success. But we’ll show you exactly how to create an effective cash only budget that will help reduce spending in your small business or startup company so that you can save money for other things like hiring new employees or paying off debt.

Use a cash only budget

Cash only budgeting is a great way to keep track of your business expenses, and it can also help you see where you might be overspending. If you use cash only budgeting, then when it’s time to pay bills and … More >>>

by Harvey Olsen — March 14, 2023 in Company Business

Five Tips For Managing Business Expenses

Whether you’re a freelancer, the owner of a small business, or part of a traditional corporation, managing expenses is one of the most important parts of running your business. The IRS requires that businesses track their expenses and keep receipts for any money spent on behalf of their company.

Track Expenses Where You Can

Spreadsheet
App
Website
Book

Use the Right Tax Form

Use the right tax form.
The form depends on your business structure (sole proprietorship, partnership, corporation).
Check with your accountant to find out which form you should use.

Be Specific About Business Use of Personal Assets

If you use a personal asset for business purposes, it’s important to be specific about the use of that asset. Personal assets include cars, homes and property. If you want to deduct the cost of using these assets for your business (e.g., if you drive between two offices or take clients … More >>>

by Harvey Olsen — March 7, 2023 in Company Business

Free Sample Financial Statements

When you start a business, one of the first tasks you’ll need to do is create a financial statement. Financial statements are usually prepared once a year; however, some companies may prepare them quarterly or even monthly. The financial statement should provide a concise summary of the company’s assets and liabilities as well as how much cash was earned or spent over the past period. There are several different types of financial statements that can be used by businesses:

10-K

A 10-K is a legal document required by the SEC that contains information about the company’s business, assets, liabilities and capital structure. It must be filed annually with the SEC within 90 days of your fiscal year end.

A sample 10-K is available for free download at [link to sample 10-K](https://www.sec.gov/Archives/edgar/data/%7B25f001198e4b918a5c6655f3cc2a80a%7D001000055_10k_form_990__final_ver002_020316v1_.htm).

10-Q

The 10-Q is a quarterly report that must be filed within 45 days of the end of each … More >>>

by Harvey Olsen — February 25, 2023 in Company Business

A Slice of the Pie Financial Statements

Pie and bar graphs are two different types of graphs that display numerical data. Both types of graphs have their pros and cons, so it’s important to choose the right one for your data.

A pie chart is a circular chart divided into slices to illustrate numerical proportion.

Pie charts are used to show proportions of a whole. They’re most effective when dividing data into only two or three categories, but can also be used with more than four pieces if the labels are small enough to fit in the center of each sector.

Pie charts are best for showing percentage increases or decreases over time; however, they don’t do well with large numbers since it’s difficult to see how much one slice represents in relation to another.

A bar chart is a rectangular chart that illustrates numerical data by displaying the height of bars, which are typically horizontal but

… More >>>

by Harvey Olsen — February 18, 2023 in Company Business