Regardless of what kind of small business you own or plan to start you need to stay on top of your accounting. Small business bookkeeping can be a tedious, detail-oriented and time-consuming task but it is essential and necessary. Failing to do so can and will result in unnecessary issues and obstac…Read More
Have you ever been slammed with bill after bill in one month because you weren’t prepared? Most small business owners aren’t strangers to unexpected expenses. Typical small business expenses include inventory, supplies, and other ongoing costs of a business that go directly into your products or…Read More
Having a good idea is one thing, and turning into a successful business is another. As a small business owner, you may have taken a few accounting courses throughout your education and are familiar with balancing the books, but most entrepreneurs don’t have the expertise to run the entire accounti…Read More
Billing schemes. Skimming. Check to tamper. Small business bookkeeping fraud is a real risk for entrepreneurs of fewer than 100 employees. As a small business owner, you may have implemented procedures to prevent bookkeeping fraud. However, nothing is 100% guaranteed to work. Median fraud loss for s…Read More
Many businesses are already aware of how important a fixed asset tracking solution is for the profitability and stability of their operations. When maintained properly, a fixed asset ledger can reduce many headaches across a company, such as improving budgeting and saving the company tens of thousan…Read More
Knowing how to work with the numbers in a company's financial statements is an essential skill for small business owners. The meaningful interpretation and analysis of balance sheets, income statements, and cash flow statements can help entrepreneurs determine the health of their business and make b…Read More
Running a startup involves lots of complexities. 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 poor market analysis. Despite working for…Read More
On a regular basis, we speak with small 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. Small business owners often think it will reduce visibility…Read More
There are many reasons small business owners need to determine the value of their small business. Everything from raising a new round of funding to applying for small business loans and transferring ownership requires some way of estimating the company’s value. Wherever you are in your businessâ…Read More
Growing businesses have diverse financial needs, including cash flow management, business forecasting and planning, and fiscal management. These needs must be addressed by an experienced financial professional, but many business owners struggle with the decision whether or not to hire a full-time CF…Read More
