Posts by Jason Arsenault

Cash flow statements are one of the most important of the four main financial documents. It tracks the movement of cash in and out of your organization, providing a clear picture of where your money is coming from and where it’s going. Why a Cash Flow Statement is Important Cash flow statements zero in on…

Payroll may have seemed straightforward when you first started your business, but if it’s beginning to stress you out or split your focus from other important tasks, it might be time to outsource your payroll. What is Outsourced payroll? Instead of handling payroll in-house, you hire a third-party service provider to process and manage all…

Bookkeeping is how you record, organize and track your company’s financial transactions. It is essential for running a healthy and successful small business. It tells you where your money is coming from and where it’s going. It is extremely beneficial come tax time. And you’ll need it if you ever need to borrow money. It…

Income statements are one of the four main financial documents. They detail a company’s income and expenses over a specified period, typically annually or quarterly. Sometimes they are referred to as profit and loss statements or P&Ls. They can be used to monitor your company’s performance, make strategic financial decisions, maintain compliance and secure loans…

Audits get a bad rap and while they can be time-consuming, costly and often point out problems or errors, but they aren’t all bad. In fact, they can be quite beneficial. What Is a Financial Audit? A financial audit is an examination of a company’s financial records. It is performed to ensure regulators, investors, directors…