When you’re running a business, your income statement should be the financial statement you’re most familiar with. You use an income statement to track revenues and expenses so that you can determine the operating performance of your business over a period of time. Small business owners use thes…Read More
Profitability is a key ingredient to your success as a small-business owner. You need a clear view of your cash flow—where your money is coming from, how much you have at any given moment, and where it’s going. Quality accounting software can help you do just that—and a little more. Why Do I n…Read More
Outsourced accounting services can be a great resource to improve your financial systems and boost your business results. There’s no doubt that your company will benefit from experienced advice and guidance to help with cash flow and profit evaluation. But, how do you know which outsourced account…Read More
Are you carrying more responsibility than you need to within your small business? As a business owner, it can be hard to let go of the control of certain tasks that need to be done. Too often, business owners spend their time on busywork, resulting in a situation where there isn’t enough time left…Read More
A business valuation is a general process of determining the economic value of a whole business or company unit. The first thing to keep in mind regarding the valuation of a business is that there are many different methodologies for valuation. Some methods may weigh income more heavily as a factor,…Read More
As businesses expand and become more dynamic, the need for a senior-level financial expert such as a part-time CFO becomes critical. Companies are faced with more complex financial decisions and can benefit from a part-time CFO’s expertise to help them navigate the path to achieving their strategi…Read More
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
Small business bookkeeping can be complex and time-consuming. Your financial statements are essential to growing and maintaining your business. If you as the small business owner are spending hours and hours on your books, you can’t spend time in other areas of your business. Many people start a b…Read More
Running a small business can be extremely challenging. Often times, entrepreneurs don’t have the accounting or financial background necessary to manage small business finances. As your small business begins to grow, it is essential you understand your small business financials and are able to reco…Read More
When your small business started off, it may have been viable to record all your financials manually in a book kept in the drawer of your desk. As your business grows, having accounting processes and procedures in place is absolutely essential to ensure financial health. It is likely your competitio…Read More
