Understanding financial jargon is critical for running a successful business. Terms like “amortization” and “depreciation” frequently arise in discussions about assets and their worth over time. As perplexing as they may appear, understanding these variances can...
Managing your business's finances is essential for establishing and maintaining success. However, increasing revenue is not the only goal; effective expense management is also critical. Our guide will reveal eight practical tips that small businesses can embrace to...
As a business owner, you know that you have a ton of responsibilities. You have to make sure that all of your employees are doing what they need to do to make your company run smoothly, you have to make sure your customers are happy with everything. Who has time to do...
Nonprofit organizations drive positive change through charity drives, volunteerism, and other heroic efforts. Yet, the financial hurdles these organizations navigate often go unnoticed, especially to those outside of the organization. Unfortunately, even skilled...
When Rosemary McLaughlin decided to become a business owner by opening a massage studio franchise, it was less a career change than the next step in a career evolution. With nearly two decades of experience in healthcare, and having recently earned her MBA from Babson...
One of the many ongoing challenges for business owners is making sure the books are balanced. Within the chiropractic industry, that element of running a practice can be a particular pain point. In a blog entry on Chiroeco.com, an online resource for the chiropractic...
When it comes to a bookkeeper vs full charge bookkeeper, who is the better for your business? Company owners everywhere deal with countless struggles involving their business, from the various employees they hire and deal with to the tracking and managing of their...
When it comes to calculating sales tax in the state of New York, the former website Taxrates.com spelled it out bluntly and without pulling any punches: New York sales tax has numerous local taxing levels that must be monitored and maintained on a regular basis. It is...
As a small business owner, we know that you like to do everything that you can on your own so that you can save as much money as possible. When you first start your business, you think that it will be pretty easy for you to do your own bookkeeping. After a while, you...
A robust business requires healthy finances. To have an accurate idea of how your business is doing and how to move forward, you need the correct data—the kind of data a good bookkeeper can provide. Your bookkeeper takes care of income and expenses and categorizes...
The word audit can be enough to elicit worry and consternation from business owners and employees alike. For most people, having their work double- and triple-checked by someone else is nerve-wracking. Not many people relish the idea of someone else looking over every...
What is the purpose of bookkeeping, and how can good bookkeeping improve your business? When it comes to running a company, you need everything in place and to run properly in order for your business to continually function, especially anything related to your...
