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Blogs by Ann Willett-Thomas


Why Business Owners Need to Understand Cash Flow Statements

December 28, 2016 / by Ann Willett-Thomas posted in Santa Monica, Los Angeles, Ventura County, Bookkeeping 101

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I once did the books for a restaurant owner who kept confusing the bottom line of his profit & loss (P&L) statement with his actual cash flow. If he hadn't had someone looking over his shoulder, the results could have been disastrous.

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Bookkeeping Services | Three Tips for Organizing Your Financial Records

July 20, 2016 / by Ann Willett-Thomas posted in Santa Monica, Los Angeles, Bookkeeping 101

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Many business owners live in fear of one word: audit. Often this fear has little to do with any possible result of an audit. Rather, it’s a fear of having to go through your records at the last minute, sorting through heaps of old documents and receipts in a desperate attempt to get organized. However, an ounce of prevention is worth a pound of cure, and that means the time to get organized is now. Here are some tips on how to get your financial records organized ahead of time:

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