When you start a small business, there are a number of decisions you have to make. One of those decisions is what type of accounting method you are going to use in your small business. How are you going to record your financial transactions? You can use either a cash system of accounting or accrual …Read More
If you want to be a successful small business, you’re going to have to learn how to keep the books in order. Bookkeeping is vital to the survival of a small business and can help owners make better business decisions. Most small business owners are not familiar with the best bookkeeping practices,…Read More
Small business taxes can be complicated, especially if the business owner lacks knowledge of small business tax obligations. There is a lot of paperwork involved and the cost of mistakes can be high if you pay less than you owe and become subject to penalties and an audit. Small business owners shou…Read More
Running a small business is a daunting challenge. Statistically, less than 50 percent of small businesses are still operational after five years. Globalization has increased the level of competition and introduced more turmoil to the business environment. Certain professionals such as outsourced boo…Read More
The accounting profession has gone through some major changes, and now more firms than ever are competing with each other. Small businesses and startups have many affordable options when it comes to ordinary services such as tax preparation and assistance, bookkeeping services, and management consul…Read More
A small business’s financials are crucial in assessing the health of a company. As the old adage says, “numbers don’t lie.” Numbers can indicate success or failure in a company, and they can certainly indicate the first signs of trouble within a company. As a small business owner if you do n…Read More
Are you running your own business? You may be one of the small business owners that love going over your books to ensure financial stability in your business, or you may be an owner that does not totally understand how it works. Either way, one of the most vital things for a small business is sound …Read More
Depending on the size and the lifecycle of your business, there are multiple options for how to manage the company’s financial operations. Most small businesses and startup ventures only need a bookkeeper in their earliest stages to produce basic financial statements. As your business continues to…Read More
One of the biggest issues that small businesses face is financing. In order to have competitive pricing, companies must buy in bulk and scale their company quickly. However, few people have the funds to invest in their business. Having a solid base of financing is essential to growing a company. If …Read More
Accounting is a necessary chore of all businesses. If you don’t manage debt, receivables, and marketing expenses accurately, your company will sink before it grows. It just takes a little perseverance and planning to ensure that your company’s records are as accurate and complete as possible. If…Read More
