Understanding the Difference Between Debt and Equity

Dear CFO,

The business I run needs an infusion of cash. I asked my controller to analyze the best way to obtain it and he referred me to you. I run a growing small business and in my budget for next year, I am projecting a need for capital to support sales growth and product development. 
Growing too fast for cash flow, Minot, ND

As you’re finding out, growth can be expensive. It does sound like you are at least ahead of the curve by thinking about it now.

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Setting Up a Coherent Chart of Accounts

Putting together a chart of accounts is the necessary first step for any organization to create an efficient accounting system. Charts of accounts are useful for keeping data organized and tracking expenses for the company. However, not all businesses understand what a well-designed chart of accounts looks like. Here are useful tips for setting up a coherent chart of accounts. 

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