Bookkeeping and Managing the Finances of Your Business

Dennis Ensing, CA of WiseMentorCapital, discusses the concept of keeping three sets of books. One set of historical records which are used for government, tax and shareholder purposes. One set of projections for a potential investor as well as for internal planning purposes. One set of books as a weekly/bi-weekly management tool that can be used as a running cash flow projection.

Continue reading »