Budgeting:
Also known as Pro forma. Your best estimate as to
what the revenues and expenses will be in your business. This
can be used to determine your profitability.
Business Planning: Involves examining all aspects
of a business including financial forecasts, market conditions,
advertising and marketing strategy, financing, operations,
long and short term goals, and exit strategy.
Bank Account Management: Available in the British
Virgin Islands.
Income Statement: Also known as your profit and Loss
Statement. Simply Revenues - expenses that determine your
net profit and loss.
Balance Sheets: A financial statement showing a firm's
value on a particular date. This is based on a simple equation:
assets = liabilities + shareholder equity. |