home office – Rakaya Thompson

What is your business worth? Balance Sheet explained.

Leave a Comment / Bookkeeping / By Rakaya

Balance Sheet A balance sheet is a financial statement that provides a snapshot of a business’s financial position at a specific point in time. It is based on the fundamental accounting equation: Assets=Liabilities+Owner’s Equity Here’s a breakdown: Structure of a Balance Sheet: Assets Liabilities Owner’s Equity Example: Assets=$50,000 Liabilities=$20,000 Owner’s Equity=$30,000 In this example, the …

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Calculating Profit and Loss

Leave a Comment / Bookkeeping / By Rakaya

Calculating profit and loss involves a straightforward formula: Profit (or Loss)=Revenue−Expenses Example: In this example, the business has a profit of $11,500. If the result were negative, it would indicate a loss. Regularly calculating profit and loss is crucial for assessing your business’s financial health and making informed decisions to improve profitability. You can do …

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“Crafting a Productive Home Office: Design Tips for Home-Based Business Owners”

“Stay Cozy and Productive: Choosing Space Heaters in Your Home Office”

Organizing your home office for Increased Productivity and Efficiency

Leave a Comment / Organizing / By Rakaya

Links on this page are affiliate links to items in the blog. I may receive a commission at no cost to you. Organize Your Home Office for Increased Productivity and Efficiency Working from home has become increasingly common, so much so that we can consider it a new norm. However, creating a workspace at home …

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Best Home Office Storage Solutions

Leave a Comment / Organizing / By Rakaya

Best home office storage solutions: file cabinets, folders, boxes, desks, labels ,

Maintaining a Home Office

Organizing / By Rakaya

Looking for office supplies equipment items click here and go straight to an Amazon page with office items (This is an affiliate link so I may receive commission but it will NOT cost you more.)