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
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
Are you a small business owner feeling frustrated with the growth progress of your business? Achieving business growth is never easy, especially for start-ups that barely have the resources to make it happen. How do you help your business grow when you’ve barely gotten a return on investment? And …Read More
As a small business owner, you have probably had many moments that left you wondering if your business is on the right track. You may feel concerned when you are paying bills and notice things were getting a little tight in your business account. It is very common for business owners to wonder, “i…Read More
There are many reasons small business owners need to determine the value of their small business. Everything from raising a new round of funding to applying for small business loans and transferring ownership requires some way of estimating the company’s value. Wherever you are in your businessâ…Read More
Are you an entrepreneur just learning which services your startup will need to run your business more smoothly? The trend today is to outsource many of the tasks not related to your company’s core competency – that is, the activity that will ultimately drive revenue and grow your company, the re…Read More
Cash flow can be the difference between success and failure for your small business. In many cases, poor cash-flow management is one of the main reasons small businesses fail. With that being said, it’s important to recognize when your business is about to face a cash flow crisis. Many entrepr…Read More
Small businesses are constantly looking for cost-effective solutions to run activities such as accounting and bookkeeping. Accounting is essential to any small business looking to grow in order to achieve better control and understand cash flow to make informed business decisions. Doing your account…Read More
When you start a small business, there are a number of decisions you have to make. One of those decisions is what type of accounting method you are going to use in your small business. How are you going to record your financial transactions? You can use either a cash system of accounting or accrual …Read More
