A cash flow statement breaks down the various types of inflows and outflows of cash (and cash equivalents) that a business experiences. It can help you and other stakeholders clearly see how your business earns or spends cash, and it can... Continue
When I was just starting out in accounting back in the mid-1980s, one of my largest clients was a cable company located near Philadelphia. The company has since been sold to Comcast, but, at the time, its owners were three siblings who... Continue
Cash flow is the money that streams in and out of your small business—and it's a key indicator of your company's overall financial health. The term cash flow is used to describe the amount of cash that is generated or spent within a... Continue
Yes, residual income is usually taxable. So long as you are making enough money from any source, you will most likely need to pay taxes on it. The only income you typically don't have to pay taxes on is income below a certain yearly... Continue
Having multiple streams of income means that a person is receiving income from several residual or passive income streams at once. Residual or passive income is income that a person earns without directly putting in work. This could be... Continue
What is passive income and what is residual income? The difference between residual and passive income depends on the industry in which these terms are being discussed. In an online business environment, the two terms are used... Continue
If your business needs to borrow money, you’re not alone. In 2015, small businesses borrowed a total of $593 billion. However, not all businesses look to traditional lending options like banks for financial support. In fact, there are... Continue
Residual income, also known as passive income, is one of the
most popular ways to make a living or supplement your income. In order to make
residual income, you need to find a service or product that you can offer to
customers in a way... Continue
A cash flow statement is a financial statement that shows how much money is going in and out of your small business. The statement is a part of a formal document that is included in your company's financial statements. It breaks out your... Continue
