fbpx

“The Asset Whisperer: Making Sense of Your Business Inventory Before Year-End”

As we approach year-end, now is the perfect time for small business owners to review their assets. Conducting a comprehensive asset review before year-end is essential to ensure your business’s financial records are accurate, plan for tax optimization, and set the stage for a smooth start to the new year. Here’s a step-by-step guide on […]

“The Asset Whisperer: Making Sense of Your Business Inventory Before Year-End” Read More »

Embracing the Rhino Spirit: Cairn Accounting’s Core Value Inspired by Scott Alexander’s “Rhinoceros Success”

In the bustling world of accounting, where precision and attention to detail are paramount, it’s essential to have a guiding philosophy that not only drives success but also fosters a resilient and proactive mindset. At Cairn Accounting, we have adopted a unique and powerful core value inspired by Scott Alexander’s book, “Rhinoceros Success” — we

Embracing the Rhino Spirit: Cairn Accounting’s Core Value Inspired by Scott Alexander’s “Rhinoceros Success” Read More »

Percent Income Statement

What is an income statement? An income statement is a financial statement that is used to summarize all the incomes and expenditures of a company over a given period. It takes into account the cumulative impacts of revenues, gains, expenditure, and loss transactions. The income statement is also known as a profit and loss statement

Percent Income Statement Read More »

Asset Tracking & What That Involves

What is Asset Tracking? Also called asset management is the process of locating a firm’s physical assets by use of various means that include barcode labels, RFID or GPS to keep constant awareness about their location. The importance of asset management has been equated to managing one’s inventories because the management will always need to

Asset Tracking & What That Involves Read More »

Use of Financial Reports, P&L, Balance Sheet and Cash Flow Statement. What Each Tells Me About the Business.

What are Financial Reports? Financial reports can be defined as financial statements that are prepared by business organizations to disclose crucial financial information to various stakeholders such as creditors, public, investors, government and regulatory agencies to give them a picture of the actual financial capability of the business at a given period (Thakur and Vaidya,

Use of Financial Reports, P&L, Balance Sheet and Cash Flow Statement. What Each Tells Me About the Business. Read More »