Mountain America Credit Union’s Post

Today is National Finance Awareness Day, which is a great opportunity to revisit your business’s balance sheet. Need help staying in budget? A LEAF Account Champion can help you build a custom financing plan to make your equipment and technology more affordable! #NationalFinanceAwarenessDay #FinancialWellness #EquipmentFinance

Read every receipt, no surprises 😯 Receipts review is one of the best habits you could build in your personal finance journey & store every receipt on #Countmydollarapp#personalfinance #personalfinancetips #Countmydollarapp

What is the General Ledger? The General Ledger tracks all your financial transactions: 📘 Assets 📘 Liabilities 📘 Equity 📘 Revenue 📘 Cost of sales 📘 Expenses The General Ledger is also your source of truth for: 🏹 Reports & Financial Statements 🏹 Tax Returns 🏹 Loan Applications 🏹 Business decisions, big and small #accountingtips #smallbizhelp #californiabookkeeper

Navigate the effects of the rejection of the Finance Bill 2024 with our top 5 business strategies. Discover how to safeguard your finances and stay ahead in these changing times. For a deeper dive into securing your business's future, visit www.taxaffix.com. #FinanceBill2024 #BusinessResilience #FinancialStrategies #BusinessGrowth

💵 Think Cash Doesn’t Count? Think Again! ❗ It’s a common misconception that tracking and reporting cash transactions isn’t necessary for your business. However, every dollar matters! Here’s why: 🖼 Accurate Financial Picture: Keeping track of all cash inflows and outflows ensures your financial statements reflect your true financial position. 📈 Compliance and Reporting: Properly reporting cash transactions keeps you compliant with tax laws and avoids potential penalties. 🎯 Budgeting and Planning: Knowing where every dollar goes helps you make informed decisions and plan for your business's future. Don’t underestimate the importance of cash transactions. Track them diligently for a healthier business! 💼 #SmallBusinessAccounting #CashManagement #FinancialHealth #BusinessTips #AccountingAdvice #Compliance #FinancialPlanning #Budgeting #TaxCompliance #BusinessGrowth

The rejection of the Finance Bill 2024 comes with various uncertainties in Kenya, including in the business sector. Here are 5 measures that businesses can take to adequately prepare for the implications of the rejection:

One personal finance strategy is prioritizing savings goals based off time.

How to Create a Personal Finance Calendar https://wix.to/3rsz19X

💥💥A 54% cost reduction💥💥 This case study demonstrates how we can: - reduce outgoings ✅ - increase prepayment ✅ - improve structure ✅ If you are due to review your finance facilities, then now is a good time to get in touch - we'd be happy to help. #invoicefinance #businessfunding #cashflow #financereview #invoicefactoring #workingcapital

There are two main types of cash flow statements: 1. Direct Cash Flow Statement: - Shows major sources and uses of cash in a clear and straightforward manner. - Lists cash inflows and outflows as they occur. - Typically used by small businesses or organizations with simple financial transactions. 2. Indirect Cash Flow Statement: - Starts with net income and adjusts it for non-cash items and changes in working capital accounts. - Reconciles net income to net cash flow from operations. - More complex and detailed, often used by larger businesses or organizations with complex financial transactions.