Franchise transactions are accelerating, creating new opportunities for franchise owners ready to sell their businesses. A solid franchise exit strategy begins with organized and transparent financial records. Clean financials inspire buyer confidence, expedite due...
Choosing the right financial professional can make a big difference in the success of your business, especially when it comes to taxes. For many small business owners, the choice often comes down to two roles: Enrolled Agent (EA) or Certified Public Accountant (CPA)....
Small businesses are the backbone of the U.S. economy. As of 2024, there are approximately 34.8 million small businesses nationwide, making up 99.9% of all U.S. businesses and employing nearly half of the private workforce [1]. But running a small business is no small...
When you own and run several franchises, you may find bookkeeping to be the stressful part of your job since each of your franchises has to keep up with their own records. You could hire an HR person for each of your stores but that could get expensive. There are...
Are you worried about catching up on your bookkeeping as the year comes to an end? If it's any consolation, you are not the only one. You're supposed to update your books consistently throughout the year, but few small businesses and individuals actually do that....
Corporations request a forensic accountant’s services to snuff out fraud, embezzlement, and other financial crimes related to business operations. These professional bookkeepers combine accounting and auditing skills with investigative procedures to analyze a...
When starting a small business, the primary goal is to keep the business afloat while making ROI and some profit. To keep your business afloat, you need a team of people with specialized knowledge of accounting, tax, and prepping. Understanding your finances and...
Small business owners who recently opened their doors may feel inexperienced with the operational tasks involving bookkeeping. Quickly, they understand that running a company involves more than selling products or services, growing your client base, and increasing...
As a franchise owner, the success of current and future franchises is indisputably vital, perhaps the single most important goal of your entire business venture. Even individuals with little professional business experience would agree. However, while the success rate...
Operating a small business is demanding. Financial management, customer service, excellent communication, negotiation, project management, networking, and leadership are few of the many business skills required to be more profitable. Amidst daily demands, nagging...
If you’re like most businesses, then there’s a good chance that you offer credit terms to some of your customers. This is known as your accounts receivable or AR as it represents the balance of money owed to a firm for goods delivered or services rendered but not yet...
Whether you use accounting software like Quickbooks, an Excel spreadsheet or your an old school ledger book, the ultimate goal of bookkeeping is to reconcile a trial balance. Said another way, the final total of debits and credits must match in order to complete the...
