Outsourced Bookkeeping Services for small business and franchise business. Bookkeeping expertise so you can concentrate on your business and not your bookkeeping.
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 requests, and unforeseen problems, small business owners often oversee a tight budget. According to the U.S. Small Business Administration, nearly 50%…
In our most recent blog post, we shared tips for optimizing your accounts receivable in order to boost cash inflows. But when it comes to money leaving the business, you also need to have a solid plan in place especially in regards to accounts payable. What is Accounts Payable? Think of this as an…
While we don’t recommend doing the books on your own (unless you’ve got an accounting background), it’s still important to have a good grasp on the drivers of your business finances. That being said, let’s take a look. Know these 23 Bookkeeping Terms 1. Accounts receivable Many businesses offer credit terms to their customers…
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 reconciliation of your accounts. As you may already be aware,…
“Doing the books” is not something that comes naturally to most small business owners. However, it is one of those critical tasks that can make or break your business in the long run. If you don’t already have a robust system in place for tracking your everyday financials, then keep reading to learn the basics…
Completely eliminating paper in your small business may not always be practical but even a small reduction in paper usage could yield cost savings and boost productivity. Let’s take a look at the benefits of running a paperless office and our top 7 tips for going paper-free: Benefits of a Paperless Offices Saves Space Over…
Without a proper payroll system in place, your business can incur unnecessary costs and even run the risk of an IRS audit. That being said, we’ve identified the top 7 payroll mistakes that small business owners make and how you can avoid them. Incorrectly classifying workers The people who work for your company are either…
If you’re ready to spend less time running your business and more time growing your business, then it’s probably time to outsource your bookkeeping needs. Keep reading to learn the Top 7 Tips for getting started with outsourced bookkeeping for your small business. Understand the Difference between Bookkeeping and Accounting Learning the key differences…