Capital assets, dividends, accounts payable, contribution margin, floating liabilities, and working capital; when it comes to owning and running a small business, there are many financial terms involved. It can be overwhelming! Like most small business owners, you probably find it more satisfying to create a great product or service and connect with customers than to worry about finances. You may be tempted to leave it all up to your accountant and bookkeeper. However, entrepreneurs need to know key financial terms.
Knowing and understanding financial terms allows you to read your financial statements, effectively communicate with your accountant and bookkeeper, and better understand your financial position. Regardless of whether you have your own accountant and bookkeeper, the more informed you are, the better able you will be to make business decisions.
Understanding your finances is easier than you think, especially with our free Guide to Financial Terms which you can download from our resources page. We are here to assist you! You can also contact us by email at
