Financial Projections Template
Download this financial projections template to calculate your small business expenses, sales forecast, cash flow, income statement, break-even analysis & more. Read more
12-Month Profit and Loss Projection
Download this template to track your revenue and expenses so you can forecast your profits and losses for the next 12 months. Read more
Understanding Cash Flow - A Critical Component to the Life of Your Business
This webinar will help you to get real with money, understand your costs, and manage your cash to create and maintain stability and profitability. Read more
View Webinar- (-) Remove Accounting & Cash Flow filter Accounting & Cash Flow
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Financial Matters for Startups - 09/21/22
SCORE Philadelphia is offering a virtual 2 hour "Financial Matters for Startups" workshop that introduces financial planning for startup small businesses. Read more
Financial Matters for Startups - 08/17/22
SCORE Philadelphia is offering a virtual 2 hour "Financial Matters for Startups" workshop that introduces financial planning for startup small businesses. Read more
Balance Sheet Template
Your balance sheet helps you understand the relationship between your income and your expenses, so you can maintain profitability. This document will help you become a profit... Read more
12 Month Cash Flow Statement
As a startup, you’ll need to include a cash flow statement in the financial section of your business plan. “How can I have cash flow when my business isn’t open yet?” you may ask... Read more
Financial Projections Template
Financial projections use existing or estimated financial data to forecast your business’s future income and expenses. They often include different scenarios so you can see how... Read more
Two Critical Steps Before Setting Up Payroll for Your Small Business
When you start off as a team of one, handling every job to keep your business moving on your own is tough. Most owners dream of the day they can afford to bring on another set of arms and legs.
Hiring an employee is also a big step towards scaling your business and planning for growth. But, when you make the shift from a solopreneur to an employer, the game changes. Suddenly, owners find themselves delegating the day-to-day tasks of running their business in exchange for the internal tasks of managing the business. In the case of hiring, one of those tasks is payroll.
3 Financial Reports Every Small Business Owner Should Understand
After setting financial goals and a budget for your small business, it's crucial to monitor how well your company is performing. Is it on track to achieving its revenue and profitability goals? Is it controlling its costs?
Even if you’ve contracted the help of an accountant, it’s helpful to develop your understanding of your business’s financial affairs. One way to accomplish that is to become familiar with and regularly review the following reports.
● Profit and Loss Statement
● Balance Sheet
● Cash Flow Statement
Self-Employment Tax 101 for Small Business Owners
When you’ve made the transition from someone else’s employee to being your own boss, you gain the autonomy to create your own professional path. You get additional responsibilities, as well—including paying self-employment tax.
Self-employed individuals are required to not only directly submit the income tax they owe to the federal, state, and local governments, they must also remit self-employment tax to the IRS.
How to Find the Right Accountant for Your Small Business
Finding the right accountant for your small business is an important decision that deserves careful consideration. Here’s how to find an experienced, qualified accountant who understands your business.
Three Basic Financial Documents Your Business Can’t Ignore
Making time to manage your business’ financials can be hard for many small business owners. But, there are three financial documents you can’t ignore: the balance sheet, the P&L and the cash flow statement.
Recordkeeping 101: Information Your Small Business Needs to Maintain
Thorough recordkeeping is a critical part of running a successful business. Here is a list of the essential records all smallbusiness owners should maintain and some of the best tools out there to store your records andstay organized.
12 Funding Options for Rural Entrepreneurs
From crowdfunding to state trade expansion programs, there are several funding options for rural entrepreneurs