My Daily Scribbles

If all those involved in the process of monitoring their own accounting system, or no system at all, there is no way to really know whether a company is profitable or not. Most companies have adopted what is known as generally accepted accounting principles, or GAAP, and there is enormous volumes in libraries and bookstores [...]

You have a detailed business plan, which shows the overall intent of your business. You have presented the business plan to your bank before starting and financing presented in the amount that you both deemed acceptable. The business plan contains the original basis of the procedures that will help you stay focused while the company [...]