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
Doing less than an excellent job keeping track of your business finances? Maybe your New Year's resolutions should be to get your financial house in order. Small business bookkeeping is essential to the success of your business and can help business owners make sound decisions. Technology makes many…Read More
Even in a successful business, following solid accounting practice matters. You’re working for a reason, and overlooking areas where money could be saved means you have to work that much harder to achieve the same level of profit. If your business isn’t robust, these opportunity costs have the p…Read More
Properly maintaining a record of your business’s expenses is vital to both day to day operations and its long-term longevity. Every single one of those numbers is crucial and even one small mistake could spiral into a much bigger problem. With effective small business bookkeeping, businesses can k…Read More
A balance sheet is often referred to as a snapshot of the health of a company. Assets, liabilities, and ownership equity are all shown here. The purpose of the balance sheet is to give users an idea of the company's financial position along with displaying what the company owns and owes. A simple wa…Read More
There is no shortage of details to consider when you’re a small business owner. Now, it’s time to hit the books. Getting the back-office basics of your small business accounting practices in order early on—tracking revenues, expenses, and profits—will keep you out of the weeds of paperwork a…Read More
A solid small business bookkeeping system is an essential aspect of running a business. No matter how small your business is, you should make sure that your books are updated, accurate, and readily available, as it provides you with crucial information on your business’ financial standing. Check o…Read More
Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. Small businesses are more likely to become victims of fraud than larger businesses. In fact, Small businesses are the most vulnera…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
