1. Outsourced Accounting for Small Business

    6 Long-Term Benefits Outsourced Accounting for Small Business

    Outsourcing is the practice of using outside firms to handle work normally performed within a company, is a familiar concept to many entrepreneurs. There are multiple reasons a business would do this, including access to expert knowledge, price advantages, minimizing risks and improving security, sa…Read More

  2. Could Your Small Business Benefit from a Virtual Accounant?

    Could Your Small Business Benefit from a Virtual Accountant?

    Virtual Accountant's have become affordable options for small businesses looking to turn an idea into a successful business. Small business owners often lack the financial knowledge necessary to ensure their small business is running at its maximum potential. Small business owners are also usually l…Read More

  3. 3 Ways Outsourced Bookkeeping Services Help Reduce Internal Fraud

    3 Ways Outsourced Bookkeeping Services Help Reduce Internal Fraud

    According to the ACFE 2018 Report to the Nations Global Study on Fraud and Abuse, U.S. Businesses will lose an average of 5% of their gross revenues to fraud. In fact, private companies and small business rank highest in occupational fraud frequency at 42% compared to large corporations, government,…Read More

  4. Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More

  5. Are You a Victim of Small Business Bookkeeping Fraud?

    Are You a Victim of Small Business Bookkeeping Fraud?

    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

  6. Outsourced Accounting Services vs. In-house Accounting

    Whether your a small startup focused on growing or a large business with a booming business, all companies have the same basic goals when it comes to accounting. Your business must be able to analyze costs, weigh major financial moves, and ensure best tax practices. In fact, accounting is so importa…Read More

  7. The Power of Three: Understanding Your Business’s Financial Statements

    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

  8. 5 Bookkeeping Habits That Have Serious Consequences for small businesses

    5 Bookkeeping Habits That Have Serious Consequences for Business

    There are many things that you need to worry about as a small business owner. Not only are you evaluating cash flow to make sure that you have enough money for payroll, but you are also carrying the burden of overseeing employee management, budgeting, business development, customer service, marketin…Read More

  9. Entrepreneurs Guide to Increasing the Value of Your Small Business

    The day may soon arrive when you’re ready to sell your business. You may even have a price in mind, based on similar businesses that have sold recently in your area. Even if your not quite ready to sell, knowing the value of your business can be highly useful if the right buyer comes along. Beside…Read More

  10. Signs of Quality Outsourced Bookkeeping Services for Small Businesses

    Signs of Quality Outsourced Bookkeeping Services for Small Businesses

    The revenue for accounting, tax preparation, and payroll services in the United States are set to generate around 160 billion US dollars in 2018. That’s a lot of people spending a lot of money on accounting and bookkeeping services. Since so much money is spent on outsourced accounting and bookkee…Read More