In the previous lesson, we gave you a quick step-by-step walkthrough on how to create a balance sheet for your online business. Now, let’s talk about the various methods you can use to analyze and read the balance sheet. We’ll be covering how you can use the statement to arrive at conclusions, spot patterns, notice […]
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In a previous lesson, we discussed the various items that are included in the balance sheet. However, if you’re a budding startup or a fairly young e-commerce venture, you might find it difficult to get started on preparing a balance sheet for your business. That’s why we’ve simplified the entire process for you, in several […]
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In a previous lesson we had listed out all the items that appear in an ecommerce balance sheet. Now we’ll be covering exactly why a balance sheet is important to any business, be it small or big. You’ll also get an idea of the various applications for this highly significant statement so that you can […]
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In this lesson, we’ll be covering some of the key steps in preparing an income statement. We’ll also take a look at all the items that are usually listed in the statement, especially when it comes to e-commerce businesses. Steps in preparing an income statement: Start with Revenue The first thing you need to start […]
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In an overview of a financial model, we talked about three important financial statements that should be included in every model. The balance sheet holds the topmost priority among them. So let’s delve deep into what an e-commerce balance sheet is made of, why you should prepare one, and how you can help your business […]
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A balance sheet is commonly called a “snapshot of a company’s financial condition”. It is a statement of the company regarding its financial position or its net worth or in simpler words a statement regarding the company’s spending and earning. There are three important financial statements in a company namely income statement, cash flow statement, […]
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Accounting is an important sector or a part of the business. You invest a large sum of money in your business, and your ultimate aim is to attain maximum profit out of this investment. Without proper accounting, you can’t achieve your goal. The organizations lack usual accounting may have to face many consequences in the […]
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The well functioning of a firm indisputably depends on the up to date documentation of the present income as well as the expected profit and loss. A profit and loss forecast report is the illustration of the health of the business at a given time. It is a forecast of income from sales after deducting […]
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The business is an act where we have to perform according to the current market and financial conditions of the organization. A successful businessman is a person who can maintain a perfect relation between the income and expenditure of his company. In the present situation, there are many applications which act as a catalyst to […]
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