CFO Simplified

SEPTEMBER 11, 2022

There are two different ways of performing accounting functions in your business: One is on a cash basis, and the other is on an accrual basis. More often than not, your tax accountant is doing your taxes on a cash basis. Why? They don’t want you to pay taxes on money that you haven’t received yet. However, running your operating financials on a cash basis is the WORST way to prepare your financials.

Profit and Loss 98

Profit and Loss CFO Accounting Financial Reporting 98

Barry Ritholtz

SEPTEMBER 11, 2022

Morning reads will be at Futureproof and on hiatus this week; We will return to our regular schedule next weekend. Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • A Ruling Untethered to the Law : By appointing a special master to review the Mar-a-Lago documents, Judge Aileen Cannon gave Trump the special treatment he asked for—and undermined the values of her profession. ( The Atlantic ). • What’s the deal with all those weird wrong-number texts?

Startups 69

Startups Finance Securities Numbers 69