In a previous post, we shared some information about cloud-based accounting, what it is, and its growing usage. Because at KYB we experience first-hand the advantages it offers, we’d like to also share some of the specific benefits businesses can expect when using cloud-based accounting.
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Welcome to the third edition of our Meet the Bookkeeper series. In this series, we highlight members of our bookkeeping team, so you can get an idea of the expertise and knowledge that's available to serve you and your business, day in and day out.
Our 100% U.S.-based team is made up of experienced and passionate accounting experts. They help our clients grow their businesses by providing reliable support for their bookkeeping, accounting, payroll and HR administration needs.
The changes that technology has brought to business are pervasive, affecting aspects from how you communicate with vendors, to how customers can pay for goods and services. Technology has also enabled a new way for business owners to handle their accounting: in the cloud.
The cash flow statement (CFS) is one of the three financial reports generated by businesses to gauge financial position, health, and efficiency. It details the amount and timing of cash flowing into and out of a business, and uses data from the profit & loss (P&L) statement and balance sheet. Today’s post will give you an overview of what the CFS is, what you’ll find in the report, and how you can use it for making smarter business decisions.