Tag Archives: Assets

Why business ain’t like playing Monopoly

Watching TV late at night and learning how to flipping houses, might lead you to think that real business seems a lot like playing Monopoly(tm). After all, the object of Monopoly is to buy as many properties as you can and end the game with the most money. Sounds like a sound formula for early retirement, […]

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Assets vs. Expenses

People often confuse assets with expenses.  This is because both assets and expenses use up your funds – these are things you can spend money on. Assets provide a future benefit to your business.  They help bring in future revenues and profits.  Assets appear on the balance sheet. For example, inventory is an asset. Expenses […]

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Assets explained

An asset is something that: you have paid for and you expect to benefit from in the future. Cash is an asset.  So is merchandise held for sale.  So is a receivable, money owed to you by a customer.  Larger assets can include a car that you own or real estate.  Even a software program […]

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