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
Are you an entrepreneur just learning which services your startup will need to run your business more smoothly? The trend today is to outsource many of the tasks not related to your company’s core competency – that is, the activity that will ultimately drive revenue and grow your company, the re…Read More
Cash flow can be the difference between success and failure for your small business. In many cases, poor cash-flow management is one of the main reasons small businesses fail. With that being said, it’s important to recognize when your business is about to face a cash flow crisis. Many entrepr…Read More
Small businesses are constantly looking for cost-effective solutions to run activities such as accounting and bookkeeping. Accounting is essential to any small business looking to grow in order to achieve better control and understand cash flow to make informed business decisions. Doing your account…Read More
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
