How to Read a Balance Sheet: A Simple Guide to Smart Decisions
To really understand your balance sheet, you just need to compare what your business owns (Assets) against what it owes (Liabilities) and what’s left in your pocket (Equity). It all comes down to one simple, but incredibly powerful, formula: Assets = Liabilities + Equity. Getting comfortable with this equation is the first step to seeing the full financial story of
How to Find Operating Cash Flow The Definitive Guide for Businesses
Let's be honest, net income doesn't always paint the full picture of your company's financial health. It's an important number, but it's not the only number. If you really want to check the pulse of your business, you need to look at operating cash flow (OCF). OCF is the truest measure of the cash your core business operations are actually generating.