Running a startup involves lots of complexities, especially during a turbulent economy. Many of the startups fail in the first few years of their inception. Young entrepreneurs tend to make mistakes such as improper management, lack of knowledge of all domains, especially non-core activities, and po…Read More
Bookkeeping is an essential part of every business regardless of its size. Many small business owners overlook the importance of business bookkeeping and forget that financial data is the key to making accurate business decisions. According to the Small Business Administration, over 50% of small bus…Read More
On a regular basis, I speak with business owners who are reluctant to outsource their accounting and financial responsibilities. Often their reasons are based on myths surrounding the idea of outsourcing or even just the term itself. For the companies that do embrace this option, I’ve seen them ex…Read More
Owners of emerging businesses aren’t naïve. However, with so many demands on your time, staying focused on accounting needs may be difficult. Maybe you’ll do it yourself with handwritten ledgers or off-the-shelf software. Or perhaps you’ll hire a bookkeeper or outsourced accounting services f…Read More
Accounting is important for small business owners as it helps the owners, managers, investors and other stakeholders in the business evaluate the financial performance of the business. Accounting provides vital information regarding cost and earnings, profit and loss, liabilities and assets for deci…Read More
