The Futurist is inventive and curious. You take conventional concepts and reinvent them! Embrace your inner-strength to build your future.
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Proper data and accounting methods increase the bottom line and lead to results. Cash flow is key!
Accounting methods: When a company’s transactions are recorded, there are two accounting methods: Cash accounting, where revenues and expenses are reported in the order they are received and paid. Second, accrual accounting is where revenues are matched with the expenses that generated the revenue and are reported as they are earned and incurred. Depending on the type of business you operate, one is more suitable than the other.
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