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Author: Andreas Hirsch

Posted on August 28, 2022August 28, 2022Financial Literacy

Classifying Employees

Taking shortcuts can be costly.Very often I see organization miss-classifying employees out of convenience or ignorance. For example, the office administrator is required to work…

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Posted on August 23, 2022August 23, 2022Financial Literacy

Income Statement aka Profit & Loss / P&L

The income statement is an easy-to-read listing of the money we received from all sources, Cost of Goods Sold, and expenses combined into categories such…

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Posted on August 23, 2022August 23, 2022Financial Literacy

Balance Sheet

The balance sheet shows all the things an organization owns (assets) and all the things the organization owes to somebody (liabilities). There is one more…

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Posted on August 23, 2022August 23, 2022Financial Literacy

Statement of Cash Flows

The Statement of Cash Flows is a hybrid of Income Statement and Balance Sheet. People find this document to be the easiest to read. Most…

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Posted on August 22, 2022August 22, 2022Non-Profit

Budget meetings cause anxieties

Good people turn into narrow-minded bureaucrats. Soon, the room is split into – the ones claiming they want to do ministry and the ones who…

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Posted on August 22, 2022August 22, 2022Financial Literacy

Financial Literacy – Three documents you should know

Too often, business owner’s eyes glaze over as soon as Financial Statements are presented. Everybody running a business or being on the board of an…

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Posted on March 21, 2022August 22, 2022Miscellaneous

Do you appreciate your employees?

I know it sounds like a silly question.Who cares – right; employees aren’t friends or family. We are all adults and work in a professional…

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Posted on August 20, 2021August 22, 2022Financial Literacy

Financial Literacy

It does not matter if you are a multi-billion corporation or a small non-profit. Money is passing through your organization. Without, everything comes to a…

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Recent Posts

  • Classifying Employees
  • Income Statement aka Profit & Loss / P&L
  • Balance Sheet
  • Statement of Cash Flows
  • Budget meetings cause anxieties

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