Outsourced bookkeeping services have been key to helping entrepreneurs turn their business from good to great. Financial data is the key to making good decisions, and without sound data, entrepreneurs have no way to know what's best for their business. Unfortunately, your business, big or small, wil…Read More
As technology advances more businesses are considering using a remote bookkeeping service. Just twenty years ago, you probably choose your bookkeeper or accountant from a listing of people and businesses in your metro area, perhaps even out of the phone book. Today, it doesn't really matter where yo…Read More
Small business bookkeeping often feels like a chore for most business owners but is most certainly a necessary evil that we all must face. Especially in light of the pandemic, it is even more critical you have financial data to help aid in making important decisions for your business when you may be…Read More
The coronavirus is causing financial difficulties for businesses across the U.S. With the pandemic going on, it is taking small businesses longer time than usual to pay their bills. It’s clear that all businesses need to put good cash flow management practices in place and make every effort to sti…Read More
Declines in consumer confidence and decreased sales threaten all businesses, but small businesses are particularly vulnerable as they often don't have the reserves to help them weather difficult times, which seems to be the case in the current COVID-19 outbreak in the United States. Many local busin…Read More
Bookkeeping is an essential part of every business regardless of its size. Many small business owners overlook the importance of business bookkeeping and forget that financial data is the key to making accurate business decisions. According to the Small Business Administration, over 50% of small bus…Read More
Good bookkeeping is essential to keep your business thriving—not just surviving. Bad bookkeeping can cause your business a multitude of problems, from poor cash flow to improper tax filings and beyond. These issues will put your business at serious risk, which is why good bookkeeping habits for st…Read More
Many small businesses reliably produce a set of financial statements each year, listing assets and liabilities, revenue and expenses, cash flow and shareholder equity. Often, outsourced bookkeeping services prepare these reports, but the documents are quickly forgotten by business leaders as they fo…Read More
As a gym owner or fitness instructor, promoting health and wellness for your clients is priority number one. And keeping your clients healthy is a lot easier when your financials are healthy as well. Much like personal health comes down to following proper diet and exercise principles, financial hea…Read More
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
