Transforming Small Business Finances | Bookkeeping & Consulting Pro | QuickBooks & Xero Expert | Guiding Small Businesses to Financial Clarity
It's Fun Fact Friday! 🎉 What is a liability? Liabilities are what a business owes. It could be money, goods, or services. They are the opposite of assets, which are what a business owns. Liabilities aren’t necessarily bad. Some loans are acquired to purchase new assets, like tools or vehicles that help a small business operate and grow. However, too much liability can hurt a small business financially. #CRMBookkeeping #BookKeeping #SmallBusiness #Taxes #Payroll #Quickbooks #Incometax #BookkeepingExpert #FinancialConsulting #FinancialStrategies #AccountingServices #SmartMoneyMoves
