You value your business. You’re on a mission to grow your business and make an impact in your community. Those who work for you rely on your ability to make smart decisions and steer the business in the right direction. But what happens when you ignore small accounting oversights? Are you aware of…Read More
In times of increasing volatility, decision-makers have an even greater need for meaningful, accurate, up-to-date financial projections so they can respond to changes in economic conditions rapidly. Improved forecasting capabilities provide the company with a competitive advantage because they enabl…Read More
Paying your employees on time can be a headache for small business owners looking to do the task themselves. It sounds simple, but when you factor in taxes, fees, and other regulations, it quickly becomes one of the biggest minefields associated with running a business. There are a number of best pr…Read More
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
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
