by Wayne Smith & Associates | Oct 28, 2026 | Accounting, Business, Financial Planning
“All the creditors must appear in the ledger at the right-hand side, and all the debtors at the left. All entries made in the ledger have to be double entries — that is, if you make one creditor, you must make someone debtor.” (Luca Pacioli, The Rules of...
by Wayne Smith & Associates | Mar 3, 2026 | Accounting
“Artificial intelligence and generative AI may be the most important technology of any lifetime.” (Marc Benioff, CEO, Salesforce) Traditional accounting involves a great deal of manual processing, endless menial tasks, and plenty of opportunities for mistakes and...
by Wayne Smith & Associates | Aug 27, 2025 | Accounting, Business
“Finance is effectively the rhythm section of a company. It creates the company cadence that every company needs.” (John Baule, CPA and ecommerce expert) You can’t grow a business without a clear handle on your numbers. But too many business owners still confuse...
by Wayne Smith & Associates | Jul 29, 2025 | Accounting
“People with limited understanding of business think that it’s all about making profits. But those who actually run businesses know that it’s all about managing cash flows.” (Cedric Chin, entrepreneur and management training consultant) Most business owners aren’t...
by Wayne Smith & Associates | Jan 29, 2025 | Accounting, Business
“It sounds extraordinary, but it’s a fact that balance sheets can make fascinating reading.” (Mary Archer) A balance sheet reveals a company’s “book value” by showing what assets it owns, what liabilities it owes, and the equity or net worth attributable to its...
by Wayne Smith & Associates | Nov 27, 2024 | Accounting, Business
“In the business world, the rearview mirror is always clearer than the windshield.” (Warren Buffett) Every business should conduct an extensive review of its business operations at least once a year. Doing a review allows you to track your company’s progress towards...
