It’s important to understand the difference between accounting, bookkeeping, and financial analysis. These will all play a very important yet different role in your company.
Accounting 101
- Accounting is the process of interpreting your financial records for everything, from making sure you pay the right amount in taxes to making strategic business decisions based on your business’s numbers
Bookkeeping 101
- Bookkeeping is the process of tracking all financial records—mainly income and expenses
Financial Planning and Analysis 101
- FP&A revolves around budgeting, financial planning, management and performance reporting, forecasting and modeling
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How do I use my financials to make informed decisions?
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Cash vs. Accrual Method
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What accounting software should I use?
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Do I need a bookkeeper?
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How do I track and project my financial health?
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