Q4 Charity Event
Financial Foothold in action! Q4 Charity event, fostering hope and bright futures at the Home of Boys, Philippines. Together, we’re making a difference!
Check and Balance
In accounting, “checks and balances” refer to the system of controls put in place to prevent and detect errors, fraud, or other irregularities in financial transactions. The goal of checks and balances is to ensure the accuracy, completeness, and validity of financial records and reports. Checks and balances in accounting involve a variety […]
Q2 Charity Event Cebu, PH
Our company is deeply committed to making a difference in the lives of individuals and communities through acts of kindness and genuine empathy. We believe that small acts of compassion can create a ripple effect, transforming lives and fostering a more compassionate world.
At Financial Foothold, we strive to be the catalyst for positive social change, touching hearts and transforming lives one compassionate act at a time.
Team Building PH 2023
In May of 2023, Financial Foothold embarked on the First Annual Team Building event in Cebu, Philippines.
We had a fun-filled weekend of Karaoke, Island Hopping, and sight seeing. A perfect mixture full of adventure, fun, and bonding!
What is Balance Sheet?
A balance sheet is one of the three most important financial statements businesses use to communicate their financial health to external stakeholders such as investors, lenders, and government agencies. It provides a snapshot of a company’s financial situation at a given time by showing its assets, liabilities, and equity. At its most basic level, […]
Avoiding Financial Fraud
There are several steps you can take to avoid financial fraud: Protect your personal information: Never share your personal information, such as your Social Security number, bank account number, or credit card information, with anyone you do not trust. Keep your passwords and PINs secure: Use strong and unique passwords for […]
Accounting and Ethics
What standards is my accountant held to ethically? Accounting ethics refers to the moral principles and values that govern the behavior of professionals in the accounting field. This includes accountants, auditors, and other professionals who work in finance. Accounting ethics provides a framework for ethical decision-making in the field and helps ensure that […]
What Is A Profit and Loss Statement?
A Profit and Loss Statement, also known as an Income Statement, is a financial statement that shows a company’s revenues and expenses over a specific period of time, typically a month, quarter, or year. The statement is one of the most important financial reports used by businesses to measure their financial performance and determine […]
Cash Flow Statement
As a business owner or investor, one of the most important aspects of financial management is understanding the cash flow statement. A cash flow statement is a financial statement that shows the inflow and outflow of cash within an organization over a given period of time. In this blog post, we will explore the […]