What Is a Profit & Loss Statement—And Why Do You Need One?
6 min read
A P&L doesn't have to be scary. It's really just a list of what came in and what went out. Here's how to read one and what it's trying to tell you.
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bookkeeping basicsbeginner5 min read
Cash vs. Accrual Accounting: Which One Should You Use?
Most small businesses should use cash accounting. Here's why.
By Hick Books TeamJanuary 19, 2024
You'll hear both terms thrown around. For most small outfits, cash accounting is simpler, perfectly legal, and easier to understand. Let's break down the difference.
Full article coming soon
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accounting-methodcash-accountingaccrual