Use high-quality accounting software that gives you a clear overview of corporate finance and controls costs and revenues. This helps you make smart business decisions and it is also important to file tax at the end of the fiscal year. Create a bottom-up financial forecast that uses your detailed budgetContinue Reading

It is important to note that the balance sheet only shows information for a certain period of time, while the profit and loss account and the cash flow statement reflect the entire fiscal year. The next step in understanding a balance sheet is to observe the effect of common transactionsContinue Reading