What is a year-end financial statement
Let’s be honest, when you hear “year-end financial statement,” you probably picture dreadful reports and complicated jargon. It feels like a piece of mandatory paperwork, not a useful tool. However, here at React Accountancy, we believe this vital annual document should be clear and insightful, not confusing. After all, your year-end financial statement isn’t just…
What is preparing financial statements
In the world of business, financial statements are the backbone of all fiscal operations. They are the essential reports that provide a clear and concise picture of a company’s financial health, performance, and cash flow. And. for any business owner, from a small start-up to a large corporation, understanding what is preparing financial statements is…
Accounting terms every business owner should know
Accounting terms every business owner should know As a business owner, you’re likely juggling a million things – from crafting the perfect product to nurturing customer relationships and strategising for growth. While the intricacies of accounting might seem like the domain of CPAs and bookkeepers, a fundamental understanding of key accounting terms is crucial for…
How to read a company balance sheet
Whether you’re an owner of a business or an investor, it’s important that you understand how to read a company balance sheet! Why? It’s crucial that you are able to assess a company’s financial health so that you are able to make sound and savvy business decisions and smart investments. If you struggle to read…
