Effective strategies are critical for growth of your small business. Gathering and analyzing your company’s financial data is the best way to gain valuable insights into your short-term and long-term execution and focus. Your financial statements and other accounting records provide evidence of what your company does well or poorly. And you can leverage bookkeeping, those [...]
You would be surprised by how many small businesses don't understand their bookkeeping and are dismayed by how much time they spend doing it. Many small businesses don't have an adequate bookkeeping system in place to understand their current situation. Some don't even know the status of their accounts receivable, accounts payable or cash flow. It [...]
Properly managing your small business cash flow is critical to your success. Most small business failures are caused by poor cash flow -- not enough cash coming in the door and too much going out. Here is practical advice on how to properly manage your small business cash flow. Invoice and Collect Quickly 1. Send invoices [...]
With continuous improvements in software like QuickBooks, bookkeeping has become more automated. At the same time, any powerful software tool can be very frustrating to navigate and use effectively. For small to medium sized business, it’s often better to leave the books to a trusted professional. For this reason, bookkeeping is commonly outsourced today. Most owners [...]
Does your current bookkeeper act like your business manager? Is she or he based locally and easy to reach? Does your current bookkeeper care about the success of your business? All three answers should be YES! Here is how to choose your bookkeeper and have them be your business manager. 1. Set up in-person meetings During [...]
You would be surprised by how many small businesses don't understand their bookkeeping and are dismayed by how much time they spend doing it. Many successful small businesses don't have an adequate bookkeeping system in place to understand their current situation. Some don't even know the status of their accounts receivable, accounts payable or cash flow. [...]
With continuous improvements, in software like QuickBooks, bookkeeping has become mostly automated, but it can be frustrating for a small business to use the software to its full potential. Our clients find that it's easier to leave the burden of their books to trusted professionals, rather than risk penalties or running out of cash. With the [...]
As a small business owner, you often hear about “Tax planning.” To make it simple, tax planning is the practice of analyzing multiple tax options to decide how you want to operate your business as well as your individual transactions to minimize or eliminate your tax liability. Most small business owners are good at what they [...]
You’re a business owner, who wants to take a two-week trip around the US…Wonderful! But did you know that you could legally deduct every dime that you spend on your vacation? Well, here's how to do it in 5 easy steps: 1. Make all your business appointments before you leave for your trip. True [...]
