Many small business owners try to bookkeep on their own or internally. Often, they make common bookkeeping mistakes that are easily prevented by hiring a bookkeeper. In this blog post, we will discuss 4 of the most common bookkeeping mistakes small businesses make and how you can avoid them so you don’t lose any more …
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The end of the year tends to be a bit chaotic for business owners, but it’s actually a good time to get some extra housekeeping done for your business. Read on for some tips to help you finish the year neatly and feel prepared to face the new year. Review your goals and KPIs A …
When you start a small business, you are usually behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows. Because a small business focuses on survival, you pay much attention to …
Upgrading or changing your payroll system comes with a ton of wonderful benefits. Saving time and money, making everyone’s lives easier, and better integration are all good reasons to consider a change. But if the switch is mishandled, the results can be catastrophic and lead to long-lasting problems. Read on for tips on avoiding a …
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All business owners want to get to a point where their business is making money. It doesn’t matter how “big” or “small” your business is, you, your shareholders, your customers, and your employees all tend to be happier when your business is profitable. But how do you calculate your business’s gross profit and what can you do to increase it? Let us provide an explanation below.
With the right KPIs, you’ll be able to make better business decisions based on hard data and avoid making money mistakes, which will help you boost your bottom line.
Most small businesses handle all of their bookkeeping procedures internally but that’s not always the best practice. Keeping the books yourself can be a stressful task that requires valuable time and attention that could be spent in ways that grow your business. If you’re thinking about hiring someone else to run your books for you, …
There are some common mistakes that business owners run into when it comes to doing their bookkeeping. If you’re a small business owner and you’re currently doing your bookkeeping, here’s 10 mistakes you need to avoid in order to make sure your business is running smoothly!
What is a balance sheet? A balance sheet is a financial statement that shows a company’s assets, liabilities, and shareholder equity at a specific point in time. The balance sheet provides the answers to three basic questions: What does the company own? What does it owe? Who are its owners? Financial statements are often prepared …
Paying bills isn’t something we often like to think about, but, it is a necessary function for even the smallest of businesses. In this post we’ll discuss are 2 ways to make the mundane task of accounts payable, a little less painful. What is Accounts Payable? Accounts Payable (AP) is an accounting entry in financial …
2 Accounts Payable Best Practices to Make Your Life Easier Read More »
