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Advisor Success Stories: Reviving a Construction Contractor to Profitability
Read more about this Advisor Success Story on the Woodard Report
5 Business Survival Strategies for a Challenging Economy
By Tom Wadelton Business survival is on everyone’s minds these days. The 2020s have so far been marked by unexpected events, twists and difficult turns. For many businesses, the financial whiplash has likely felt like enough to consider contacting a chiropractor. But not all businesses have been heavily burdened over the past few years. In [...]
The Top Five Benefits of Outsourced Accounting
Business conditions are changing and outsourcing is on the rise. Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance. All too often, businesses are juggling day-to-day responsibilities alongside more complex and time-consuming tasks such as finance, accounting, compliance, internal audit, and risk management. They are simply trying to [...]
What Banks require when extending credit to Companies.
Banks review company financial statements to comply with regulations and safeguard themselves from bad credits. So providing accurate, integrated reports is the key to obtaining requested funds. Unless the company is new and has no operating history, banks look at statements covering on average the last three years. In addition, lenders inspect projected financial statements [...]
How Is a Balance Sheet Used in Financial Planning & Management?
The balance sheet is an indispensable tool for businesses of all sizes. At a glance, the balance sheet provides a snapshot of the company's financial health. Arguably, the balance sheet is the most important of the three major financial statements, the other two being the income and cash flow statements. Learning how to read a [...]