As the Accounting Department promised, we are going to continue discussing hot topics in the financials. This issue, we decided to discuss the different kinds of financial statements and why they are used. First, the Balance Sheet is a snapshot of your assets, liabilities, and equity at a certain point in time to help evaluate a company’s financial position. Next, we have the Income Statement that tells us if our revenues are outweighing our expenses for a period of time, which allows us to see if we are profitable and what drivers are contributing to those results. Lastly, the Statement of Cashflows shows the cash coming in and out of the business, which helps with budgeting. Combined, these statements give us a full picture of the company’s financial health.
Our outstanding accounting team thought they would give a brief overview of what each person works on if there are questions:
- Abram Boyer – Cash forecast, Deposits, and ensures accuracy of sales
- Jacob Bilberry – Inventory, Fixed Assets, Repairs and Maintenance Review
- Jennifer Korbely – BBINC Financials and Vena Administrator
- Karen Kellam – Accounts Payable and Corporate Credit Card administrator
- Lidia Shi – Delivery Sales, Debt, and Special Projects
- Melissa Luna – Accounts Payable, and all taxes
- Natalie Frye – Accounts Payable, Corrigo, and IQBO
- Pepper Seaver – Real Estate Accounting
- Sandra Hughes – BBINC & Blaze Pizza Payroll and Issue Worksheets
- Tim Phillips – Leases and Blaze Pizza Financials
- Vyvyenne Johnston – BBINC Payroll, Paycards, and Garnishments
By: Greg Rowland
Chief Financial Officer
