Intro to business
Is an outline of your expenses, needs, and goals and how you expect to meet them.
Any property or item of value that your business owns.
Is an estimate of what business conditions will be like in the future.
Is the systematic process of recording and reporting the financial position of a business.
Is the person in charge of a business's financial planning, funding, and accounting.
Is a written plan of what your business can expect form income and expenses to be over a certain period of time.
The time you start the business to when it makes profit.
Plan for how much you expect to spend and earn over a given period of time.
Plan for the actual money you expect to spend and earn on a daily, weekly, or monthly basis.
if the reports are for one year, it is the accounting period.
Debts go against the assets you hold. Is a claim.
A report of net income or net loss over an accounting period.
Is a report of your financial state of your business on a certain date.
Anything that you owe.